Luby's (LUB) Reports a Q3 Loss
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Luby's, Inc. (NYSE: LUB) reports a Q3 loss of $0.09 (ex-items) vs. the analyst estimate of $0.01. Revenues for the quarter were $97.1 million, versus the consensus of $96.80 million. (only 1 analyst covers the stock)
"Based on our outlook and recent decline in cash flow from operations, we currently expect to significantly reduce capital expenditures in fiscal 2009 to the range of $12 million to $17 million, compared to $40.2 million in fiscal 2008."
Luby’s operates 122 restaurants in Austin, Dallas, Houston, San Antonio, the Rio Grande Valley and other locations throughout Texas and other states.
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