UPDATE: DineEquity Posts Upbeat Q4 Profit, Declares Dividend

DineEquity

reported a drop in its fourth-quarter profit. DineEquity's quarterly profit declined to $18.8 million, or $0.97 per share, versus $28.6 million, or $1.51 per share, in the year-ago period. Its adjusted earnings came in at $0.83 per share. Its revenue dropped to $158.6 million from $242.2 million. However, analysts were expecting earnings of $0.78 per share. DineEquity declared a Q1 cash dividend of $0.75 per share. DineEquity shares closed at $72.28 yesterday.