Darden reported that its fiscal third-quarter profit rose 25 percent, as sales improved at each of its restaurant chains. The company also raised its fiscal 2010 guidance due to improving results. Darden Restaurants Inc. trades on the “New York Stock Exchange” under the stock symbol “DRI”. For More information regarding the "DRI", make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Strong third-quarter results from Darden Restaurants Inc., operator of Olive Garden and Red Lobster, encouraged analysts to raise their price targets on the stock Wednesday.
Late Tuesday, Darden reported fiscal third-quarter profit rose 25 percent, as sales improved at each of its restaurant chains. The company also raised its fiscal 2010 guidance due to improving results -- the second time it has raised guidance in five weeks
Shares rose 75 cents to $44.66 after earlier reaching a 52-week high of $45.07 earlier in the session. The stock has traded between $20.94 and $44.19 over the past year
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