Denny's Corporation (DENN) said after close Tuesday that it earned $0.12 per share in quarter three 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $117.5 million, beating estimates by $3.3 million.
In the same quarter a year ago, the company earned $0.16 per share on revenue of $103.8 million.
The stock is up 5.88% to $11.88 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Denny's Corporation a Bullish Sentiment Rank from InvestorsObserver.
Denny's Corporation has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 86, putting Denny's Corporation in the top 25% of stocks. The firm set a 52-week low on June 24, 2022 at $8.46 and set a 52-week high on November 5, 2021 at $17.4.
Denny's Corp is one of America's largest franchised full-service restaurant chains based on the number of restaurants. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelettes, and others. The company generates its revenue from two sources: the sale of food & beverages and the collection of royalties & fees from restaurants.