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Darden Restaurants Posts Improved Third-Quarter Profit

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

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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