-- Bloomin' Brands (BLMN) shares rose 44% in Wednesday trading after the company reported higher adjusted earnings and revenue for Q1 and also gave upbeat outlook for Q2.
Bloomin' Brands reported Q1 adjusted earnings of $0.67 per diluted share, compared with $0.59 from a year earlier.
Analysts polled by FactSet expected $0.57.
Revenue for the quarter was $1.06 billion, up from $1.05 billion a year ago.
Analysts surveyed by FactSet expected $1.04 billion.
For Q2, the company expects adjusted earnings of $0.27 to $0.32 per share. Analysts expect $0.23.
The company also reaffirmed its full-year financial outlook given in its Feb. 25 earnings release.
Price: $8.37, Change: $+2.61, Percent Change: +45.31%