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Darden, Tibco Software Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 9:04 AM ET September 20 2013

10:45 AM New York Cintas first-quarter net rose 1% to $77.8 million. Darden Restaurants first-quarter net declined 36.6% to $70.2 million. Tibco Software third-quarter net plunged 18.4% to $21.3 million.

Earnings Review

Cintas Corporation (CTAS), the rental uniforms provider said revenue in the first-quarter ending in August climbed 6.6% to $1.12 billion.

Net income in the quarter rose 1.3% to $77.8 million or diluted earnings 63 cents per share compared to $76.7 million per share or 60 cents per share.

The company added operating income in the quarter soared 12.5% to $140.1 million.

Darden Restaurants, Inc. (DRI), the restaurants & bars operator reported revenue in the first-quarter ending on August 25 jumped 6.1% to $2.16 billion. Same-restaurant sales in August dropped 3.2% followed by plunged 7.4% in July and 1.9% in June.

Net income in the quarter declined 36.6% to $70.2 million or diluted earnings 53 cents per share compared to $110.8 million per share or 85 cents per share.

The company expects diluted net earnings per share for the year to decline between 3% and 5% compared to fiscal 2013.

Tibco Software Inc. (TIBX), the infrastructure software provider stated total revenue in the third-quarter ending on September 1 increased 6.2% to $270.9 million. Net income in the quarter plunged 18.4% to $21.3 million or diluted earnings 13 cents per share compared to $26.1 million per share or 15 cents per share.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc