initial public offerings (IPOs) trading on American exchanges

Thursday, May 4, 2017

Del Taco Restaurants (TACO) reported earnings Thur 4 May 2017 (a/h)

  • IPO:  June 30, 2015

** charts after earnings **


  • Del Taco beats Street 1Q forecasts
LAKE FOREST, Calif. (AP) _ Del Taco Restaurants Inc. (TACO) on Thursday reported first-quarter earnings of $4.2 million.

The Lake Forest, California-based company said it had net income of 10 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The restaurant chain posted revenue of $105.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $105 million.

Del Taco expects full-year earnings to be 52 cents to 55 cents per share, with revenue in the range of $466 million to $476 million.

Del Taco shares have decreased 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.40, a rise of 35 percent in the last 12 months.

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