Plus   Neg

Darden Restaurants Inc. Q3 adjusted earnings Beat Estimates

Darden Restaurants Inc. (DRI) reported earnings for its third quarter that rose from last year.

The company's profit totaled $225.1 million, or $1.80 per share. This compares with $218.5 million, or $1.74 per share, in last year's third quarter.

Excluding items, Darden Restaurants Inc. reported adjusted earnings of $225.1 million or $1.80 per share for the period.

Analysts had expected the company to earn $1.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.6% to $2.25 billion from $2.13 billion last year.

Darden Restaurants Inc. earnings at a glance:

-Earnings (Q3): $225.1 Mln. vs. $215.1 Mln. last year.
-EPS (Q3): $1.80 vs. $1.71 last year.
-Analysts Estimate: $1.75
-Revenue (Q3): $2.25 Bln vs. $2.13 Bln last year.

Full year EPS guidance: $5.76 - $5.80

For comments and feedback contact: editorial@rttnews.com

Follow RTT