Darden Restaurants Inc. Reveals Climb In Q3 Bottom Line, Beats estimates

Darden Restaurants Inc. (DRI) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $286.6 million, or $2.34 per share. This compares with $247.0 million, or $1.93 per share, in last year's third quarter.

Analysts on average had expected the company to earn $2.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.9% to $2.79 billion from $2.45 billion last year.

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

-Earnings (Q3): $286.6 Mln. vs. $247.0 Mln. last year.
-EPS (Q3): $2.34 vs. $1.93 last year.
-Analyst Estimate: $2.25
-Revenue (Q3): $2.79 Bln vs. $2.45 Bln last year.

Full year EPS guidance: $7.85 to $8.00
Full year revenue guidance: $10.45 to $10.5 Bln

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