Darden Restaurants: Fiscal Q3 Earnings Snapshot
ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Darden Restaurants Inc. (DRI) on Thursday reported fiscal third-quarter profit of $312.9 million.
On a per-share basis, the Orlando, Florida-based company said it had net income of $2.60. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $2.62 per share.
The results did not meet Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The owner of Olive Garden and other chain restaurants posted revenue of $2.97 billion in the period, which also missed Street forecasts. Twelve analysts surveyed by Zacks expected $3.03 billion.
Darden Restaurants expects full-year earnings in the range of $8.80 to $8.90 per share, with revenue expected to be $11.4 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DRI at https://www.zacks.com/ap/DRI
