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Del Frisco's Restaurant profit misses consensus by 41.8% in fiscal Q3

Del Frisco's Restaurant Group Inc. said its normalized net income for the fiscal third quarter ended Sept. 6 amounted to 3 cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.

EPS declined year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $731,880, a decrease from $741,250 in the prior-year period.

The normalized profit margin dropped to 0.7% from 1.1% in the year-earlier period.

Total revenue rose on an annual basis to $71.4 million from $68.6 million, and total operating expenses increased from the prior-year period to $70.2 million from $67.4 million.

Reported net income totaled $702,930, or 3 cents per share, compared to a loss of $934,430, or a loss of 4 cents per share, in the year-earlier period.