Del Taco shares dip 5% on flat revenue

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Del Taco Restaurants Inc. shares were down 5% in after-hours trading Thursday after the fast-food chain reported fiscal third-quarter results that were roughly in line with Wall Street estimates. Del Taco reported net income of $5.8 million, or 15 cents per share, compared with a loss of $7.7 million, or 21 cents a share, in the year-ago quarter. Revenue inched up 0.5% to $120.8 million from $120.2 million a year ago. Analysts surveyed by FactSet had expected net income of 11 cents a share on revenue of $120.4 million. Del Taco shares are up 31% this year as it continues to feel the effects of the pandemic. The broader S&P 500 index has improved 8% in 2020.
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