UPDATE: Brinker Reports Upbeat FQ4 Profit; Shares Up In Pre-Market Trading

Brinker International Inc EAT reported upbeat quarterly profit on Thursday. Brinker's fiscal fourth-quarter net income declined to $41.9 million, or $0.50 per share, from $63.6 million, or $0.62 per share, in the year-ago period. Excluding one-time items, Brinker's earnings came in at $0.48 per share. Its revenue dropped 3.4% to $717.5 million. However, analysts were expecting earnings of $0.47 per share on revenue of $710.57 million. Brinker shares gained 4.47% to $21.50 in pre-market trading.