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Darden Restaurants tops Street 3Q forecasts

ORLANDO, Fla. (AP) _ Darden Restaurants Inc. (DRI) on Monday reported fiscal third-quarter earnings of $165.6 million.

On a per-share basis, the Orlando, Florida-based company said it had profit of $1.32.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The owner of Olive Garden and other chain restaurants posted revenue of $1.88 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $1.86 billion.

Darden Restaurants expects full-year earnings to be $3.95 to $4 per share.

Darden Restaurants shares have risen roughly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 5 percent.


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


Keywords: Darden Restaurants, Earnings Report