Red
Robin Gourmet Burgers Inc. (Nasdaq: RRGB) reported lower first quarter
earnings of $1.03 per diluted share compared with $1.16 per diluted share last year as revenue fell short of expectations prompting the casual
dining chain to lower its full year forecast.The stock price plunged $11.25 to close at $50.74.
Earnings drop for Red Robin
May 17, 2016 at 17:23 PM EDT