Darden Restaurants Inc. Q1 Profit Increases, But Misses Estimates

(RTTNews) - Darden Restaurants Inc. (DRI) released earnings for its first quarter that Increased from last year but missed the Street estimates.

The company's earnings totaled $257.8 million, or $2.19 per share. This compares with $207.2 million, or $1.74 per share, last year.

Excluding items, Darden Restaurants Inc. reported adjusted earnings of $231.4 million or $1.97 per share for the period.

Analysts on average had expected the company to earn $2.01 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.4% to $3.044 billion from $2.757 billion last year.

Darden Restaurants Inc. earnings at a glance (GAAP) :

-Earnings: $257.8 Mln. vs. $207.2 Mln. last year. -EPS: $2.19 vs. $1.74 last year. -Revenue: $3.044 Bln vs. $2.757 Bln last year.

-Guidance: Full year EPS guidance: $10.50 to $10.70