Landry's Restaurants (LNY) Shares Fall Along With Same Store Sales

Shares of Landry's Restaurants, Inc (NYSE: LNY) were down 5% in afternoon trading after the company reported a greater loss than expected and a drop in same store sales.

Landry's Restaurants reported a 4th quarter net loss from continuing operations of $32.3 million, or $2.20 per share, after earning a profit of $4.8 million, or 28 cents per share, a year earlier.

Overall revenue was down 3% to $245.3 million, while same store sales fell 5% at the company's restaurants and 8% at its gaming operations.

Shares were down nearly 5% in the afternoon, trading $19.79.