Darden Restaurants (NYSE:DRI) reported earnings of $110.8 million (85 cents a share) as against $106.6 million (78 cents a share) in the year ago period.This was better than analysts’ expectations of 83 cents a share. The company said it was keeping its 2013 forecast intact based on higher revenue of 9-10 percent.
Don’t Miss: Google Steps Back from China.
Blackberry phone maker Research in Motion (RIM) has reported another network outage affecting Europe, Middle East and Africa, which it apparently resolved within a few hours. This puts the company in a rather unfavorable light, considering there was a similar instance last year, and juxtaposed against arch-rival Apple (NASDAQ:AAPL), whose a iPhone 5 is seeing huge demand, the timing was just not right.
Energy major Chesapeake (NYSE:CHK) has hired James Webb, a partner in Oklahoma’s largest law firm, as its full-time legal counsel to help with legal problems relating to the company’s Michigan land deals and the controversial financial transactions by CEO of Aubrey McClendon.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.