Investing.com - Darden Restaurants reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Darden Restaurants announced earnings per share of $-1.24 on revenue of $1.27B. Analysts polled by Investing.com anticipated EPS of $-1.71 on revenue of $1.25B.
Darden Restaurants shares are down 32% from the beginning of the year and are trading at $73.24 , down-from-52-week-high.They are under-performing the S&P 500 which is down 5.44% year to date.
Darden Restaurants shares gained 3.34% in intra-day trade the report.
Darden Restaurants follows other major Services sector earnings this month
Darden Restaurants's report follows an earnings missed by Costco on May 28, who reported EPS of $1.89 on revenue of $37.27B, compared to forecasts EPS of $1.93 on revenue of $37,081M.
Dollar General had beat expectations on May 28 with first quarter EPS of $2.56 on revenue of $8.45B, compared to forecast for EPS of $1.75 on revenue of $7.58B.
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