dining

Cheesecake Factory Beats Q4 EPS Estimates by a Penny but Revenue Light (CAKE)

The company said it sees pro forma earnings up 15%.

Chairman and CEO Dave Overton said, "The fourth quarter marks our eighth consecutive quarter of improving comparable sales, again driven by increases in guest traffic. We delivered positive comparable sales in every quarter of 201

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Cheesecake Factory (NASDAQ:CAKE) reported Q4 EPS of 36 cents, topping consensus estimates of 35 cents per share. Revenue during the quarter totaled $416.7 million, just below the Street target of $418.2 million.

By Stephanie Shyu
sshyu@fnno.com

Citigroup Initiates Coverage of Darden Restaurants at Buy, $60 PT (DRI)

Published on Thu, 12/16/2010 - 11:55
By FNN Staff in Analyst reflections, dri, analyst, citigroup, darden, dining, dri, food, italian, nyse, price, rating, restaurants, seafood, stock
analyst, citigroup, darden, dining, dri, food, italian, nyse, price, rating, restaurants, seafood, stock

Citigroup Inc. initiated coverage of Darden Restaurants (NYSE:DRI) with a Buy rating on Thursday, and a $60.00 price target. Citigroup set its 2011 EPS estimate for the firm at $3.36 and its 2012 EPS estimate of $3.80. Darden Rest

By FNN Staff
root@fnn-online.com

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