CPK raises its earnings forecast
From Times Staff and Wire Reports
California Pizza Kitchen Inc. raised its first-quarter earnings outlook on stronger-than-expected sales, sending its stock up more than 7% in extended trading.
The casual-dining chain forecast earnings of 7 to 8 cents a share for the quarter as opposed to its previous forecast of 4 to 6 cents.
Wall Street analysts, on average, had been expecting earnings of 5 cents a share, according to Reuters Estimates.
