Why Bloomin' Brands Shares Dropped Today

Bloomin' Brands (NASDAQ: BLMN) stock has dropped today, down by 8% as of 1:00 p.m. EDT, after the company reported second-quarter earnings.

Revenue in the second quarter came in at $1.03 billion, which translated into adjusted earnings per share of $0.28. Both top- and bottom-line results were right on target with consensus estimates.

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Source: Fool.com