Darden Restaurants: Fiscal Q1 Earnings Snapshot

ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Darden Restaurants Inc. (DRI) on Thursday reported fiscal first-quarter net income of $233.4 million.

On a per-share basis, the Orlando, Florida-based company said it had net income of $2.04. Earnings, adjusted to account for discontinued operations, were $2.05 per share.

The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.

The owner of Olive Garden and other chain restaurants posted revenue of $3.2 billion in the period, which met Street forecasts.

Darden Restaurants expects full-year earnings to be $11.10 to $11.35 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DRI at https://www.zacks.com/ap/DRI