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Darden Restaurants Earnings, Revenue Beat in Q4

·1 min read

Investing.com - Darden Restaurants (NYSE:DRI) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Darden Restaurants announced earnings per share of $-1.24 on revenue of $1.27B. Analysts polled by Investing.com anticipated EPS of $-1.71 on revenue of $1.25B.

Darden Restaurants shares are down 32% from the beginning of the year , still down 42.96% from its 52 week high of $128.41 set on September 13, 2019. They are under-performing the S&P 500 which is down 5.44% year to date.

Darden Restaurants shares gained 3.34% in intra-day trade following the report.

Darden Restaurants follows other major Services sector earnings this month

Darden Restaurants's report follows an earnings missed by Costco on May 28, who reported EPS of $1.89 on revenue of $37.27B, compared to forecasts EPS of $1.93 on revenue of $37,081M.

Dollar General had beat expectations on May 28 with first quarter EPS of $2.56 on revenue of $8.45B, compared to forecast for EPS of $1.75 on revenue of $7.58B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar