KEY POINTS
  • Darden Restaurants beat analysts estimates for its fiscal third-quarter earnings and revenue.
  • Olive Garden's parent company also withdrew its fiscal 2020 outlook and suspended its quarterly dividend due to the coronavirus crisis.
  • Darden has fully drawn down its $750 million credit facility "out of an abundance of caution."
A take-out order from a Darden Restaurants Inc. Olive Garden.

Darden Restaurants on Thursday reported quarterly earnings and revenue that topped analysts' expectations, but the Olive Garden parent also withdrew its fiscal 2020 outlook and suspended its quarterly dividend, citing the coronavirus crisis.

After the earnings report, shares swung wildly, trading down as much as 12% and up as much as 12%. Recently shares were down 1%.