Darden Restaurants Issues Lower-Than-Expected Profit Guidance

Shares of Darden Restaurants took a hit Thursday after reporting mixed quarterly results.
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Shares of Darden Restaurants (DRI) - Get Report took a hit Thursday after reporting mixed quarterly results. Profits of $1.09 a share beat estimates by a penny. But revenue of $1.79 billion for the quarter, was below forecasts. The company also issued lower-than-expected earnings guidance for the year. The parent company of Olive Garden and LongHorn Steakhouse expects to report earnings of $3.80 to $3.90 a share for the next fiscal year, that's below estimates of $3.99 a share.

This article was written by a staff member of TheStreet.