Brinker International (NYSE:EAT) shares saw unusually-strong trading volume on Wednesday following a better than expected earnings announcement, Analyst Ratings News reports. Approximately 1,878,356 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,058,169 shares.The stock last traded at $61.02 and had previously closed at $61.63.
The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.02. The company had revenue of $742.90 million for the quarter, compared to the consensus estimate of $735.18 million. During the same quarter last year, the company posted $0.59 earnings per share. Brinker International’s revenue was up 5.3% compared to the same quarter last year.
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The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.02. The company had revenue of $742.90 million for the quarter, compared to the consensus estimate of $735.18 million. During the same quarter last year, the company posted $0.59 earnings per share. Brinker International’s revenue was up 5.3% compared to the same quarter last year.
Read more at Click Here / www.trade4x.net
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