Investing.com - Darden Restaurants reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Darden Restaurants announced earnings per share of $2.24 on revenue of $2.60B. Analysts polled by Investing.com anticipated EPS of $2.21 on revenue of $2.54B.
Darden Restaurants shares are down 23% from the beginning of the year and are trading at $115.12 , down-from-52-week-high.They are under-performing the S&P 500 which is down 21.11% year to date.
Darden Restaurants follows other major Consumer Discretionary sector earnings this month
Darden Restaurants's report follows an earnings beat by Alibaba ADR on Thursday, May 26, 2022, who reported EPS of $7.95 on revenue of $204.05B, compared to forecasts EPS of $7.1 on revenue of $199.47B.
Pinduoduo had beat expectations on Friday, May 27, 2022 with first quarter EPS of $2.95 on revenue of $23.79B, compared to forecast for EPS of $1.83 on revenue of $20.45B.
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