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 - $1.70
Next quarter revenue guidance: $2.1 Bln
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