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Brinker (EAT) Stock Declines, Q1 Results Miss Estimates

NEW YORK (TheStreet) -- Shares of Brinker Int'l (EAT) were falling on heavy trading volume late Tuesday morning after the casual-dining company reported weaker-than-anticipated results for the fiscal 2017 first quarter.

Before the opening bell, the Dallas-based company posted adjusted earnings of 49 cents per share, below Wall Street's projections of 55 cents per share.

Revenue slid 0.5% year-over-year to $758.5 million and missed analysts' estimates of $775.3 million.

System-wide same-store sales fell 1.1% year-over-year in the quarter. Wall...