DALLAS (AP) — DALLAS (AP) — Brinker International Inc. (EAT) on Wednesday reported fiscal first-quarter net income of $38.5 million.
On a per-share basis, the Dallas-based company said it had net income of 84 cents. Earnings, adjusted for one-time gains and costs, were 95 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The operator of restaurant chains Chili’s Grill & Bar and Maggiano’s Little Italy posted revenue of $1.14 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $1.09 billion.
Brinker International expects full-year earnings in the range of $5.20 to $5.50 per share, with revenue in the range of $4.7 billion to $4.75 billion.
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