Morton's Restaurant Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 2, 2011. For the quarter, the company's revenues increased 7.8% to $71.4 million from $66.2 million. Operating loss was $1.3 million compared with $1.9 million a year ago. Loss before income taxes from continuing operations was $2.7 million compared with $2.8 million a year ago. Loss from continuing operations was $2.3 million compared with $2.4 million a year ago. Net loss was $2.2 million compared with $2.5 million a year ago. Net loss attributable to controlling interest was $2.3 million or $0.14 per diluted share compared with $2.2 million or $0.14 per diluted share a year ago. Loss attributable to controlling interest from continuing operations was $2.4 million or $0.15 per diluted share compared with $2.1 million or $0.13 per diluted share a year ago. Adjusted loss before income taxes was $2.1 million compared with $2.8 million a year ago. Adjusted loss from continuing operations attributable to controlling interest were $1.7 million or $0.11 per diluted share compared with $2.1 million or $0.13 per diluted share a year ago. For the nine months, the company's revenues $231.9 million compared with $212.0 million a year ago. Operating income was $5.1 million compared with $1.8 million a year ago. Income before income taxes from continuing operations was $1.1 million compared with loss before income taxes from continuing operations of $0.99 million a year ago. Income from continuing operations was $0.58 million compared with loss from continuing operations of $1.0 million a year ago. Net income was $0.68 million compared with net loss of $1.9 million a year ago. Net income attributable to controlling interest was $0.52 million or $0.03 per diluted share compared with net loss attributable to controlling interest of $1.5 million or $0.09 per diluted share a year ago. Income attributable to controlling interest from continuing operations was $0.42 million or $0.02 per diluted share compared with loss attributable to controlling interest from continuing operations of $0.63 million or $0.04 per diluted share a year ago. Adjusted income before income taxes was $2.6 million compared with adjusted loss before income taxes of $0.45 million a year ago. Adjusted income from continuing operations attributable to controlling interest was $2.1 million or $0.12 per diluted share compared with adjusted loss from continuing operations attributable to controlling interest of $0.09 million or $0.01 per diluted share a year ago. Capital expenditure was $6.7 million. For the fourth quarter of 2011, the company expects revenues to range between $89 million and $91 million. The company expects diluted income per share from continuing operations of approximately $0.36 to $0.38 and an estimated effective tax rate that is not expected to exceed 23%. For the full year 2011, the company expects revenues to range between $321 million and $323 million. The company expects diluted income per share from continuing operations of approximately $0.48 to $0.50 and an estimated effective tax rate that is not expected to exceed 24%. Capital expenditure is expected not to exceed $8 million and will be between $7 million and $8 million.

Morton's Restaurant Group, Inc., Q3 2011 Earnings Call, Oct 27, 2011

Morton's Restaurant Group, Inc. announced that they will report Q3, 2011 results After-Market on Oct 27, 2011