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Texas Roadhouse (TXRH) Stock Stumbles After Q2 Revenue Trails Estimates

NEW YORK (TheStreet) -- Shares of Texas Roadhouse (TXRH) are diving 12.03% to $41.96 on heavy trading volume early Tuesday afternoon following the restaurant company's lower-than-expected revenue for the 2016 second quarter.

After yesterday's closing bell, the Louisville, KY-based company reported revenue of $508.8 million, while analysts were looking for $509.9 million.

Earnings of 47 cents per diluted share beat Wall Street's forecasts of 45 cents per share.

Comparable-restaurant sales increased 4.5% at company restaurants and were up 2.6% at franchise restaurants. In 2016, Texas Roadhouse expects...