Darden Restaurants (NYSE:DRI) Fiscal Q2 Profit Tumbles; Aligned with Forecasts – DRI, DIN, FCX, RAD, SIRI, FMCN, BBBY, CCL, PAYX

Darden Restaurants, Inc (NYSE:DRI) reported on Thursday its profit in the fiscal second-quarter moved down to $33.6 million or 26 cents per share, from $53.7 million or 40 cents per share in the similar quarter a year ago.

The Orlando, Florida based company announced that its sales hiked to $1.96 billion from $1.83 billion.

FactSet survey confirms that Wall Street analysts anticipated Darden to earn 27 cents per share on $1.96 billion of sales.

For future, the operator of Olive Garden and Red Lobster restaurants projects fiscal 2013 earnings from continuing operations in the range of $3.29 to $3.49 per share. Analysts forecasts earnings of $3.42 per share for 2013.

Its competitors include DineEquity Inc (NYSE:DIN) that gained +1.02% to $63.61 with the total traded volume of 2,509.00 shares and Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) that dropped -0.09% to $33.92 with the total traded volume of 2.10 million shares.

Other Services stocks with bullish trend include Rite Aid Corporation (NYSE:RAD) up +12.50% to $1.17, Sirius XM Radio Inc (NASDAQ:SIRI) up +0.51% to $2.97 and Focus Media Holding Limited (ADR) (NASDAQ:FMCN) up +1.65% to $25.92, whereas with bearish trend include Bed Bath & Beyond Inc (NASDAQ:BBBY) down -8.73% to $55.01, Carnival Corporation (NYSE:CCL) down -4.63% to $37.25 and Paychex, Inc (NASDAQ:PAYX) down -1.91% to $32.42.

Darden Restaurants, Inc (NYSE:DRI) after opening at $46.71 hit high price of $46.90 and then trading at $46.11 by plunging -1.50% and on current session volume of 164,001.00 shares is surprisingly higher than its average volume of 1.76 million shares.

The stock price volatility was 1.72% for a week and 1.85% for a month as well as price volatility’s Average True Range for 14 days was 1.03 and its beta remained 0.83.

The liquidity measure in recent quarter results of the company was recorded 0.39 as current ratio and on the other side the debt to equity ratio was 1.13 and long-term debt to equity ratio remained 0.81. The Company had total cash at hand $51.50 million and a book value per share as $14.46 in the most recent quarter.

DRI generated revenue of 8.09 billion in the following twelve months and earned $480.80 million. The Company showed a positive +5.94% in the net profit margin and as well as in its operating margin which remained +7.88%. Company’s annual sales growth for the past five year was 7.52%.

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