Olive Garden parent Darden's stock surges after profit beat, raised guidance
Shares of Darden Restaurants Inc. DRI, -1.56% surged 3.5% in premarket trade Thursday, after the parent of Olive Garden and LongHorn Steakhouse restaurant chains reported fiscal third-quarter profit and sales that beat expectations, and raised its full-year guidance. Net income for the quarter to Feb. 24 rose to $223.6 million, or $1.79 a share, from $217.8 million, or $1.73 a share in the year-ago period. The FactSet EPS consensus was $1.75. Net sales rose 5.5% to $2.
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