TAMPA, Fla. (AP) _ Bloomin' Brands Inc. (BLMN) on Friday reported first-quarter earnings of $64.3 million.
On a per-share basis, the Tampa, Florida-based company said it had net income of 69 cents. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The owner of Outback Steakhouse and other casual dining spots posted revenue of $1.13 billion in the period, meeting Street forecasts.
Bloomin' Brands shares have risen almost 10 percent since the beginning of the year. The stock has fallen 16 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLMN at https://www.zacks.com/ap/BLMN