HUNTINGTON BEACH, Calif. (AP) _ BJ's Restaurants Inc. (BJRI) on Thursday reported a second-quarter loss of $29 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Huntington Beach, California-based company said it had a loss of $1.38. Losses, adjusted for one-time gains and costs, were 99 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.81 per share.
The restaurant chain posted revenue of $128 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $126.4 million.
BJ's Restaurants shares have declined 50% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19, a fall of 53% in the last 12 months.