Darden Restaurants Inc. (DRI) revealed a profit for third quarter that declined from last year.
The company's earnings came in at $128.7 million, or $0.98 per share. This compares with $232.3 million, or $1.89 per share, in last year's third quarter.
Analysts had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 26.4% to $1.73 billion from $2.35 billion last year.
Darden Restaurants Inc. earnings at a glance:
-Earnings (Q3): $128.7 Mln. vs. $232.3 Mln. last year.-EPS (Q3): $0.98 vs. $1.89 last year.-Analysts Estimate: $0.69 -Revenue (Q3): $1.73 Bln vs. $2.35 Bln last year.
-Guidance:Next quarter EPS guidance: $1.60 - $1.70Next quarter revenue guidance: $2.1 Bln
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.