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Darden Restaurants Posts Improved Third-Quarter Profit

Reuters
Wednesday, 21 Mar 2007 | 10:26 AM ET

Darden Restaurants on Tuesday reported a rise in quarterly earnings, due to a larger number of Olive Garden restaurants and higher menu prices.

Darden Restaurants Earnings
Darden Restaurants earned $0.72 a share, beating expectations by $0.02, and Otis Clarence, Darden CEO, shares his outlook for the company with CNBC's Becky Quick.

The parent of the Red Lobster and Olive Garden restaurant chains posted third-quarter net income of $106.4 million, or 72 cents a share, compared with $105.3 million, or 67 cents a share, a year ago.

Wall Street analysts, on average, had been expecting earnings of 71 cents a share, according to Reuters Estimates.

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