Ruby Tuesday tops expectations again

Ruby Tuesday tops expectations again

MARYVILLE Tenn. Ruby Tuesday Inc. posted another quarter of financial results that topped both corporate and Wall Street expectations, as both cost cutting and improved consumer traffic paid dividends for the struggling casual-dining company.

For its fourth quarter ended June 2, profit rose to $14.4 million, or 28 cents per share, from $13.9 million, or 27 cents per share, in the same quarter a year ago. Fourth-quarter revenue fell 7.1 percent to $317.3 million, mainly

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