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Kona Grill Lifts Q3 Forecast

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Kona Grill Inc (NASDAQ: KONA) raised its third-quarter financial forecast.

Kona Grill projects Q3 revenue of $24.1 to $24.2 million, up from its earlier forecast of $22.7 to $23.7 million. It also lifted its net income outlook to $0.5 to $0.6 million, or $0.05 to $0.06 per share, from its earlier forecast of $0.1 to $0.3 million, or $0.01 to $0.03 per share. Analysts were expecting earnings of $0.03 per share on revenue of $23.6 million.

Kona Grill shares jumped 15.02% to $6.05 in after-hours trading.

 

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