Fiscal third quarter revenue of $1.73 billion beat the estimated $1.61 billion, with profit of 98 cents besting the expected 68 cents. The company’s fourth quarter guidance also beat analyst forecasts, with estimated sales of $2.1 billion versus $1.94 billion and net income of up to $1.70 versus $1.20, according to data compiled by Investing.com.
Shares of the Olive Garden owner are up 4.2%. The stock hit a record last week, even as sales and profit have yet to return to pre-pandemic levels. Darden has 13 buy ratings, three holds and no sells.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.