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Luby's fiscal Q1 loss widens YOY

4054141 said its normalized net income for the fiscal first quarter ended Nov. 19 came to a loss of 9 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 6 cents per share.

The per-share loss grew year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.7 million, compared with a loss of $862,500 in the year-earlier period.

The normalized profit margin fell to negative 3.1% from negative 1.0% in the year-earlier period.

Total revenue increased year over year to $86.9 million from $85.8 million, and total operating expenses rose year over year to $90.9 million from $87.3 million.

eported net income came to a loss of $2.9 million, or a loss of 10 cents per share, compared to a loss of $575,300, or a loss of 2 cents per share, in the prior-year period.Luby's Inc.

4054141 said its normalized net income for the fiscal first quarter ended Nov. 19 came to a loss of 9 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 6 cents per share.