Earnings Reaction Rollercoaster: Darden Restaurants Dips, FactSet Rises
- June 22nd, 2023
- 388 views
Darden Restaurants, Inc. (NYSE: DRI) delivered solid financial results for the fourth quarter of fiscal 2023.
While the earnings per share (EPS) of $2.58 slightly surpassed the consensus estimate of $2.54, the company reported quarterly sales of $2.769 billion, just shy of the expected $2.77 billion in revenue.
Looking ahead to fiscal 2024, the company projects an adjusted EPS from continuing operations in the range of $8.55 to $8.85, with the consensus estimate at $8.78 for the period.
In a notable announcement, Eugene I. Lee, Jr., Chairman of the Board of Directors at Darden Restaurants, revealed his decision to retire and not seek re-election at the Company's upcoming 2023 Annual Meeting.
In pre-market, $DRI is trading at $159.00, down $7.41 (-4.45%).
Moving on to FactSet Research Systems Inc. (NYSE: FDS), the company reported strong performance in the third quarter of fiscal 2023. The adjusted EPS of $3.79 exceeded the consensus estimate of $3.61.
FactSet has also updated its outlook for the full fiscal year 2023, raising its adjusted diluted EPS guidance to a range of $14.75 to $15.15. This represents a $0.25 increase at the midpoint from the previous guidance of $14.50 to $14.90. The consensus estimate for the period stands at $14.88.
$FDS is currently trading at $427.00 in pre-market, up $3.66 (+0.86%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Johnson & Johnson, Charles Schwab, Halliburton: Earnings Preview
January 18th, 2026Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026




Member Login