Newz(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. _____ 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 Source
(AP) — TD SYNNEX Corporation (SNX) on Thursday reported fiscal third-quarter profit of $416.2 million. The Clearwater, Florida-based company said it had net income of $5.18 per share. Earnings, adjusted for one-time gains and costs, were $5.68 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.64 per share. The high-tech contractor posted revenue of $21.56 billion in the period, also exceeding Street forecasts.
Five analysts surveyed by Zacks expected $18.78 billion. For the current quarter ending in November, TD SYNNEX expects its per-share earnings to range from $5.65 to $6.15. The company said it expects revenue in the range of $21.8 billion to $22.6 billion for the fiscal fourth quarter.
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