Plus   Neg

Darden Restaurants Inc. Q2 adjusted earnings Beat Estimates

Darden Restaurants Inc. (DRI) reported a profit for second quarter that decreased from last year.

The company's profit totaled $24.7 million, or $0.20 per share. This compares with $115.6 million, or $0.92 per share, in last year's second quarter.

Excluding items, Darden Restaurants Inc. reported adjusted earnings of $138.4 million or $1.12 per share for the period.

Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.6% to $2.06 billion from $1.97 billion last year.

Darden Restaurants Inc. earnings at a glance:

-Earnings (Q2): $138.4 Mln. vs. $115.9 Mln. last year.
-EPS (Q2): $1.12 vs. $0.92 last year.
-Analysts Estimate: $1.07
-Revenue (Q2): $2.06 Bln vs. $1.97 Bln last year.

Full year EPS guidance: $6.30 to $6.45

For comments and feedback contact: editorial@rttnews.com

Follow RTT