Luby's (LUB) Swings to Q3 Loss; Comps Down 8.9% During the Qtr.

Luby's, Inc. (NYSE: LUB) reports Q3 loss of $0.04, 2 cents lower than the analyst estimate of ($0.02) and compared to a gain of $0.03 in the same quarter last year. Revenue for the quarter was $69 million, versus the consensus of $74 million.

Same store sales for the quarter came in at down 8.9%, or 9.4% on an adjusted basis.

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