Brinker International beats 4Q profit forecasts




DALLAS (AP) _ Brinker International Inc. (EAT) on Thursday reported fiscal fourth-quarter profit of $50.6 million.

The Dallas-based company said it had profit of $1.02 per share. Earnings, adjusted for non-recurring costs, were $1.09 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy posted revenue of $810.7 million in the period.

For the year, the company reported profit of $150.8 million, or $2.94 per share. Revenue was reported as $3.15 billion.

Brinker International shares have dropped 31 percent since the beginning of the year. The stock has declined 27 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EAT at https://www.zacks.com/ap/EAT

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Keywords: Brinker International, Earnings Report

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