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Ruby Tuesday (RT) Stock Tanks in Pre-Market Following Earnings Results

NEW YORK (TheStreet) -- Shares of Ruby Tuesday (RT - Get Report) are down by 10% to $5.94 in pre-market trading on Friday, following the release of the restaurant chain's first quarter earnings results.

The Maryville, TN-based company reported a first quarter net loss of $4.2 million after reporting a profit of $2.56 million in the year ago period.

On a per share basis the company lost 3 cents per share on revenue of $279.5 million for the most recent quarter.

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