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Shares of Denny’s Corp. THEN,
rose 1% in extended trading on Tuesday after the restaurant chain released its second-quarter financial results. Denny’s reported a net loss of $ 828,000, or one cent per share, compared to a net loss of $ 22.97 million, or 41 cents per share, in the quarter last year. The company’s adjusted net income was $ 11.6 million, or 18 cents per share. Revenue jumped 164% to $ 106.2 million from $ 40.2 million a year ago. Analysts polled by FactSet expected net income of 12 cents a share on earnings of $ 99.5 million. Denny’s shares have fallen 4% so far in 2021. The larger S&P 500 SPX index,
gained 18% this year.
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