Del Taco shares rise 4% on earnings, revenue beat

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Shares of Del Taco Restaurants Inc.
TACO,
+1.39%
were initially up nearly 4% in extended trading Monday after the fast-food chain announced fiscal fourth-quarter results. Del Taco reported net income of $7.5 million, or 20 cents a share, compared with a net loss of $114.1 million, or $3.08 a share, in the year-ago quarter. Revenue was relatively flat at $156.7 million, compared with $157.1 million a year ago. Analysts surveyed by FactSet had expected net income of 14 cents a share on revenue of $156.1 million. Del Taco’s stock is up 21% this year. The broader S&P 500 index
SPX,
-0.54%
has improved 1.7% this year.

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