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Brinker (EAT) Stock Falling as Quarterly Revenue Misses Expectations

NEW YORK (TheStreet) -- Shares of Brinker International (EAT - Get Report) are down by 5.24% to $48.87 in mid-morning trading on Tuesday, after the restaurant operator reported revenue results for the fiscal 2016 first quarter that missed analysts' expectations. Brinker also cut its sales view for the full year.

For the most recent quarter, the owner of Chili's and Maggiano's restaurant chains reported revenue of $762.6 million, missing the $774 million analysts surveyed by Thomson Reuters forecast.

Brinker's sales at established stores for the period were hurt by a reduction in customer traffic.

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