NEW YORK (TheStreet) -- Shares of Ruby Tuesday were gaining 1.3% to $6.48 after-hours Thursday after the restaurant operator beat analysts' estimates for earnings in the fiscal third quarter. Ruby Tuesday reported a loss of 1 cent a share for the fiscal third quarter, above analysts' estimates of a loss of 4 cents a share. Revenue fell 3.3% year over year to $285.9 million for the quarter, compared to analysts' estimates of $286.36 million. Same-restaurant sales fell 0.3% at company-owned Ruby Tuesday restaurants in the quarter. The company expects same-restaurant sales to be flat to down low single digits in the fiscal fourth quarter. "We have made meaningful progress on multiple fronts since we began our brand transformation journey," Chairman, President, and CEO JJ Buettgan said. "We are pleased with our cost savings actions and resulting bottom line improvements that have strengthened our business model, improved restaurant level margins, and reduced selling, general and administrative expenses." TheStreet Ratings team rates RUBY TUESDAY INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation: "We rate RUBY TUESDAY INC (RT) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins." You can view the full analysis from the report here: RT Ratings Report RT data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
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