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Ruby Tuesday's 3rd-Q profit sinks

MARYVILLE Tenn. Ruby Tuesday Inc., operator or franchisor of 942 casual-dining restaurants, posted a 59-percent plunge in its third-quarter net income as declines in sales and guest traffic continued to challenge the struggling chain.

For the 13 weeks ended March 4, net income slipped to $11.7 million, or 23 cents per share, from $28.7 million, or 49 cents per share, in the year-earlier quarter.

Revenue fell 7.1 percent in the latest quarter to $351

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