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Brinker International Earnings Up 18% on Higher Revenue; Profits Miss Estimates (EAT)

By Dividend.com,  October 24, 2012, 09:38:07 AM EDT

On Wednesday restaurant owner and franchiser Brinker International, Inc. ( EAT ) reported an increase in profits and revenue for the 2013 first quarter.

The Dallas, Texas based company reported an 18% increase in net income. Profits for the quarter were $27.86 million, or 36 cents per share, compared to $23.62, or 28 cents per share, a year earlier. Adjusting for special items, EPS was 37 cents.

EAT revenue increased to $683.51 from $668.40 million a year earlier.

Wall Street analysts polled by Thomson Reuters expected the company to report adjusted earnings of 38 cents per share on revenue of $679.60 million for the quarter.

Brinker shares were down $1.29, or -3.86%, in premarket trading on Wednesday.

The Bottom Line
Shares of Brinker International ( EAT ) have a 2.39% dividend yield, based on last night's closing stock price of $33.44. The stock has technical support in the $30 price area. The stock is trading near all-time highs of $36 a share.

Brinker International, Inc. ( EAT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: EAT



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