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May 14, 2020, 4:58 p.m. EDT

Denny's stock soars 14% on better-than-expected earnings

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By Jon Swartz

Denny's Corp. /zigman2/quotes/206956394/composite DENN -3.07% shares climbed more than 14% in after-hours trading Thursday after the restaurant chain reported fiscal first-quarter earnings that beat Wall Street estimates. Denny's reported net income of $9 million, or 16 cents a share, compared with net income of $15.5 million, or 25 cents a share, in the year-ago quarter. Revenue tumbled 36% to $96.7 million from $151.4 million a year ago. During the crunch of the COVID-19 pandemic, the chain has gone to streamlined menus, "Dine-Thru" curbside service programs, and shareable family meal packs. Analysts surveyed by FactSet had expected net income of 11 cents a share on sales of $98.7 million. Denny's shares are down 55% in the last year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.18% is down 0.8% in the last year.

/zigman2/quotes/206956394/composite
US : U.S.: Nasdaq
$ 10.74
-0.34 -3.07%
Volume: 483,964
Sept. 18, 2020 1:16p
P/E Ratio
12.60
Dividend Yield
N/A
Market Cap
$705.90 million
Rev. per Employee
$70,020
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/zigman2/quotes/210599714/realtime
US : S&P US
3,317.50
-39.51 -1.18%
Volume: 1.48B
Sept. 18, 2020 1:16p
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