ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Darden Restaurants Inc. (DRI) on Thursday reported fiscal third-quarter net income of $323.4 million.
On a per-share basis, the Orlando, Florida-based company said it had profit of $2.74. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.80 per share.
The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share.
The owner of Olive Garden and other chain restaurants posted revenue of $3.16 billion in the period, also missing Street forecasts. Eleven analysts surveyed by Zacks expected $3.21 billion.
Darden Restaurants expects full-year earnings in the range of $9.45 to $9.52 per share, with revenue expected to be $12.1 billion.
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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
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