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Bloomin' Brands: Q3 Earnings Snapshot
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TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Bloomin' Brands Inc. (BLMN) on Friday reported a loss of $2.2 million in its third quarter.

The Tampa, Florida-based company said it had a loss of 3 cents per share. Losses, adjusted for non-recurring gains, were 17 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.

The owner of Outback Steakhouse and other casual dining spots posted revenue of $944.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $924.4 million.

For the current quarter ending in December, Bloomin' Brands expects its per-share earnings to range from 7 cents to 12 cents.

The company expects full-year earnings in the range of 97 cents to $1.02 per share.

Bloomin' Brands shares have increased 70% since the beginning of the year. The stock has climbed 45% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLMN at https://www.zacks.com/ap/BLMN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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