Fogo de Chão Inc. shares declined in the extended session Tuesday after the Brazilian steakhouse chain forecast quarterly results below the Wall Street view. Fogo shares declined 3.7% to $11.60 after hours. The company forecast unadjusted earnings of 8 cents to 10 cents a share, which included an estimated 3-cents-a-share impact from hurricanes. For the year, Fogo expects adjusted earnings of 77 cents to 80 cents a share on revenue of $306 million to $311 million. Analysts surveyed by FactSet had forecast earnings of 17 cents a share on revenue of $74.8 million for the quarter, and 91 cents on revenue of $317.8 million for the year.
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