SCOTTSDALE, Ariz. (AP) _ Kona Grill Inc. (KONA) on Monday reported a loss of $4.3 million in its second quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 43 cents. Losses, adjusted for non-recurring costs, came to 24 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The restaurant operator posted revenue of $47 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $48.7 million.
In the final minutes of trading on Monday, the company's shares hit $2.65. A year ago, they were trading at $12.50.
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