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Headline from The Dallas Morning News, posted at 7:50 a.m.: “Brinker predicts 40% gain in earnings.” Lead paragraph: “Brinker International Inc. Monday predicted its second-quarter earnings per share from continuing operations will be up nearly 40 percent, despite falling customer traffic at some of its restaurants.”
Headline from the Associated Press, posted about an hour ago: “Brinker shares sink to new 5-year low.” Lead paragraph: “Investors pushed shares of casual dining operator Brinker International Inc. to another new low Tuesday after the troubled owner of the Chili’s Grill & Bar chain cut its second-quarter profit outlook.”
The Dallas-based company’s stock is currently hovering around the $16.73 mark — down some $1.60, or 8.78, for the day. See, this is why I invest in comic books and porn. –Robert Wilonsky
