Darden Restaurants: Fiscal Q2 Earnings Snapshot
ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Darden Restaurants Inc. (DRI) on Thursday reported fiscal second-quarter net income of $237.2 million.
The Orlando, Florida-based company said it had profit of $2.03 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.08 per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The owner of Olive Garden and other chain restaurants posted revenue of $3.1 billion in the period, exceeding Street forecasts. Nine analysts surveyed by Zacks expected $3.08 billion.
Darden Restaurants expects full-year earnings in the range of $10.50 to $10.70 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DRI at https://www.zacks.com/ap/DRI