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Ruby Tuesday (RT) Stock Tanks in After-Hours Trading on Earnings Miss

NEW YORK (TheStreet) -- Ruby Tuesday (RT - Get Report) stock is retreating by 15.71% to $4.40 in after-hours trading on Thursday, after the company delivered disappointing financial results for the fiscal 2016 third quarter.

The Maryville, TN-based restaurant chain posted earnings of 3 cents per share for the quarter ended March 1, missing estimates of 5 cents per share.

Revenue fell by 5.1% year-over-year to $271.47 million for the latest quarter, while analysts had estimated revenue of $284.14 million.

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