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Brinker International beats 4Q profit forecasts

DALLAS (AP) _ Brinker International Inc. (EAT) on Thursday reported fiscal fourth-quarter profit of $50.6 million.

The Dallas-based company said it had profit of $1.02 per share. Earnings, adjusted for non-recurring costs, were $1.09 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy posted revenue of $810.7 million in the period.

For the year, the company reported profit of $150.8 million, or $2.94 per share. Revenue was reported as $3.15 billion.

Brinker International shares have dropped 31 percent since the beginning of the year. The stock has declined 27 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 EAT at https://www.zacks.com/ap/EAT


Keywords: Brinker International, Earnings Report