Darden Restaurants Inc. (DRI) reported second quarter EPS of $0.73 Tuesday morning, up from $0.64 in the prior year period. Analysts expected EPS of $0.70.
The company now expects to report full year 2018 adjusted EPS of $4.45 to $4.53 per share, up from the prior guidance of $4.38 to $4.50. The consensus estimate is for EPS of $4.44.
Darden Restaurants gapped open higher Tuesday and climbed until mid-morning. Shares advanced further going into the close and finished up by 6.15 at $96.69 on above average volume. The stock broke out to a new high for the year.
by RTT Staff Writer
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