Friday's Winners & Losers
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Updated from 1:36 p.m. EDT
Ruth's Chris Steak House(RUTH Quote) fell earlier in the day but closed up 0.5% after the restaurant operator warned that second-quarter revenue would fall below Wall Street's forecast. The company sees revenue of $76.9 million to $77.1 million. Analysts project revenue of $78.1 million.
"While our diverse consumer base contributes to our significantly higher per restaurant sales volumes, it also exposes us, to some extent, to the macroeconomic issues facing our industry," the company said. "Although restaurant sales were somewhat below our expectations, we expect cost controls and efficiencies to preserve restaurant-level profitability." Shares closed up 8 cents to $17.35.
Shares of Newmont Mining(NEM Quote) rose 5.6% after the gold producer removed its entire 1.85 million ounce gold hedge. ...
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