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Why Bloomin' Brands Shares Dropped Today

TheMotleyFool

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Why Bloomin' Brands Shares Dropped TodayPhoto, wide shot, wide-angle lens, Retail store, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/5574eb69-dc38-42f3-aadd-6163ac8bd4a8.png

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.

Image source: Getty Images.

Source: Fool.com