Darden Restaurants, Inc. (NYSE:DRI) fell 6.48% to $47.16. The company
announced that the Company’s Board of Directors declared a quarterly dividend
of $0.32 per share on the Company’s outstanding common stock. The dividend is
payable on February 1, 2011 to shareholders of record at the close of business
on January 10, 2011. The Company also announced that the Board of Directors
approved an additional share repurchase authorization totaling 25.0 million
shares.
The company
reaffirmed its fiscal 2011 guidance and expects diluted net earnings per share
(EPS) growth from continuing operations to be approximately +14% to +17% and
expects total sales growth of between +5.5% and +6.5%. The Company reported EPS
of $2.86 on revenue of $7.113 billion in fiscal 2010.
Carnival Corporation (NYSE:CCL) surged 3.19% to $44.63 after it made
its new 52-week high of $45.26. The company said Tuesday its fourth-quarter
profit rose to $248 million, or 31 cents a share, from $193 million, or 24
cents a share, in the year-ago period. Carnival said its results came in a
penny a share below its forecast issued in September. Revenue increased to $3.5
billion from $3.3 billion.
Wall Street
analysts expected Carnival to earn 32 cents a share on revenue of $3.36
billion, according to a survey by FactSet Research.
Microsoft Corporation (NASDAQ:MSFT) added 0.63% to $27.99. Microsoft
Corporation is engaged in developing, manufacturing, licensing and supporting a
range of software products and services for different types of computing
devices.
The median
Wall Street price target on the stock is $32.50 and the high target is set at $40.
The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $26.63
and $25.39 respectively.
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