India, July 30 -- Automotive service and tire provider Monro, Inc. (MNRO) reported Wednesday a net loss of $8.05 million or $0.28 per share for the first quarter, compared to net income of $5.86 million or $0.19 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter was $0.22 per share, compared to $0.22 per share in the year-ago quarter.
On average, five analysts polled expected the company to report earnings of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the quarter increased 2.7 percent to $301.04 million from $293.18 million in the same quarter last year. Analysts expected revenues of $296.13 million for the quarter.
Comparable store sales increased...