Investing.com - Darden Restaurants (NYSE:DRI) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Darden Restaurants announced earnings per share of $0.74 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $0.7107 on revenue of $1.7B.
Darden Restaurants shares are up 6% from the beginning of the year and are trading at $115.58 , down-from-52-week-high.They are under-performing the S&P 500 which is up 14.46% from the start of the year.
Darden Restaurants shares lost 2.56% in intra-day trade the report.
Darden Restaurants follows other major Services sector earnings this month
Darden Restaurants's report follows an earnings beat by Costco on Thursday, December 10, 2020, who reported EPS of $2.29 on revenue of $43.21B, compared to forecasts EPS of $2.05 on revenue of $46.33B.
Dollar General had beat expectations on Thursday, December 3, 2020 with third quarter EPS of $2.31 on revenue of $8.2B, compared to forecast for EPS of $2.02 on revenue of $8.14B.
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