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Darden Restaurants Inc. Q1 adjusted earnings Beat Estimates

Darden Restaurants Inc. (DRI) announced a profit for first quarter that fell from the same period last year.

The company's profit came in at $37.3 million, or $0.28 per share. This compares with $171.8 million, or $1.38 per share, in last year's first quarter.

Excluding items, Darden Restaurants Inc. reported adjusted earnings of $73.1 million or $0.56 per share for the period.

Analysts had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 28.2% to $1.53 billion from $2.13 billion last year.

Darden Restaurants Inc. earnings at a glance:

-Earnings (Q1): $73.1 Mln. vs. $171.8 Mln. last year.
-EPS (Q1): $0.56 vs. $1.38 last year.
-Analysts Estimate: $0.05
-Revenue (Q1): $1.53 Bln vs. $2.13 Bln last year.

Next quarter EPS guidance: $0.65 to $0.75

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