Bloomin’ Brands Inc. (NASDAQ:BLMN) shares fell Thursday after the company reported its third-quarter results.

The company operates a portfolio of more than 1,450 restaurants across 46 U.S. states, Guam and 12 countries, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar.

The company reported an adjusted loss of 3 cents per share, narrower than the analysts’  estimate of a 12-cent loss, compared with earnings of 21 cents per share in the same quarter a year earlier.

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Total revenue rose 2.1% from a year earlier to $928.81 million, topping analysts’ average estimate of $906.93 million.

The increase in total revenues was primarily due to the net impact of restaurant openings and closures, as well as higher U.S. comparable restaurant sales. Lower franchise revenues partially offset these increases.

Adjusted operating income margin fell to 0.8% from 2.3% in the year-ago quarter. Adjusted ...