Brinker (EAT - Get Report) fell $5.05, or 10.65%, to $42.39 a share Tuesday after the company released its earnings report for the second quarter. The company had higher net income and earnings per share than the same time a year ago and from the previous quarter.
Net income increased 26.5% from $25.3 million a year ago to $32 million, while its EPS rose to 83 cents, up from last year's 54 cents a share. Brinker continued its revenue growth from its first quarter as well, building off the $26.4 million it earned in income.
A quarterly dividend of 38 cents will be paid out March 28, the company said.
The stock has performed well over the past year, rising 11.5%, and it had outperformed the S&P 500 since the beginning of the year, earning 7.9% compared to the S&P 500's 5.3% gain, until its Q2 earnings were released.
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