Darden Restaurants Inc. Q1 income drops in line with estimates

Darden Restaurants Inc. (DRI) released earnings for first quarter that decreased from last year in line with the Street estimates.

The company's bottom line came in at $193.0 million, or $1.56 per share. This compares with $230.9 million, or $1.75 per share, in last year's first quarter.

Analysts on average had expected the company to earn $1.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.1% to $2.45 billion from $2.31 billion last year.

Darden Restaurants Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $193.0 Mln. vs. $230.9 Mln. last year.
-EPS (Q1): $1.56 vs. $1.75 last year.
-Analyst Estimates: $1.56
-Revenue (Q1): $2.45 Bln vs. $2.31 Bln last year.

Full year EPS guidance: $7.40 to $8.00
Full year revenue guidance: $10.2 to $10.4 Bln

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