Olive Garden owner's earnings top estimates, but revenue falls short

Darden Restaurants, the owner of brands such as Olive Garden, reported mixed quarterly results on Tuesday.

Shares of the company were down less than 1 percent.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

• Earnings per share: 92 cents vs. 91 cents expected
• Revenue: $1.97 billion vs. $1.98 billion expected

Darden reported fiscal second-quarter net income of $115.6 million, or 92 cents per share, up from $84.7 million, or 67 cents per share, a year earlier.

Excluding items, Darden earned $135.3 million, or 92 cents per share, from continuing operations, topping the 91 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 4.9 percent to $1.97 billion, missing expectations of $1.98 billion.

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