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UPDATE: Darden Posts Lower Q2 Profit

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Darden Restaurants (NYSE: DRI) reported a drop in its second-quarter profit.

Darden's quarterly profit declined to $19.8 million, or $0.15 per share, versus a year-ago profit of $33.6 million, or $0.26 per share.

Its revenue climbed to $2.05 billion from $1.96 billion. However, analysts were projecting earnings of $0.21 per share on revenue of $2.08 billion.

For the FY14, Darden projects earnings to fall 15% to 20% versus the earlier year. It also Darden declared a dividend of $0.55 per share.

Darden shares fell 1.74% to $52.00 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

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