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Darden Restaurants: Fiscal Q1 Earnings Snapshot
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ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Darden Restaurants Inc. (DRI) on Thursday reported fiscal first-quarter net income of $233.4 million.

On a per-share basis, the Orlando, Florida-based company said it had net income of $2.04. Earnings, adjusted to account for discontinued operations, were $2.05 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 $2.06 per share.

The owner of Olive Garden and other chain restaurants posted revenue of $3.2 billion in the period, which met Street forecasts.

Darden Restaurants expects full-year earnings to be $11.10 to $11.35 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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