Ruby Tuesday, Inc. (RT) Surges On High Volume

This morning, shares of Ruby Tuesday, Inc. (NYSE: RT) are trading higher by 10.72% at $8.76 on 1.89 million shares – over 2X its average volume.

Yesterday late night the company announced its results and beat analyst estimates by $0.02, while revenues also beat estimates despite dropping 7.2% year-over-year. Meanwhile, the company announced 2010 guidance in-line with estimates of between $0.50-0.60 versus a consensus estimate of $0.57 per share.