Brinker International up 7% on Strong Q1 Earnings

Brinker International EAT is trading higher on the session following its Q3 earnings announcement. The company reported an EPS of 0.60 vs $0.56 estimate and revenues of $742 million vs $729.78 million estimates. Doug Brooks, President and Chief Executive Officer said: "Brinker just achieved its fifth consecutive quarter of positive sales and traffic growth, demonstrating the effectiveness of our top line strategies and our ability to take market share. We also continue to improve the middle of the P&L, further strengthening our business model. These factors combined with returning value to shareholders through share repurchases make us confident we'll deliver on our promise to double EPS by 2015 to $2.75 to $2.80." Brinker International is currently trading at $29.87, a gain of $1.97 or 7.06%.