Stocks, Darden Restaurants, FedEx Corp, S&P 500
Below is the latest on S&P 500 earnings season
Darden Restaurants, FedEx Corp, and other companies recently reported earnings. The S&P 500 is up about 6% this year.
Darden Restaurants
Darden Restaurants reported earnings per share of $1.85, beating estimates by $0.07. Revenue came in at $2.4 billion, also beating estimates. The company raised its full-year guidance.
Darden Restaurants owns and operates a portfolio of restaurant brands, including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V’s.
FedEx Corp.
FedEx Corp. reported earnings per share of $3.38, beating estimates by $0.05. Revenue came in at $24.4 billion, also beating estimates. The company raised its full-year guidance.
FedEx Corporation is an American multinational conglomerate holding company focused on transportation, e-commerce, and business services.
S&P 500
The S&P 500 is up about 6% this year. The index is on track for its best year since 2019.
The S&P 500 is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.
Conclusion
The earnings season is winding down, and the S&P 500 is up about 6% this year. Darden Restaurants and FedEx Corp. both reported strong earnings, and the companies raised their full-year guidance.
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