Earnings data lift CPK shares
Shares of California Pizza Kitchen Inc. rose after the company said that its second-quarter profit would be higher than it forecast in May.
CPK’s stock closed up 51 cents, or 4.6%, to $11.69. It gained an additional 3.4% in extended trading.
Profit for the three months ended June 29 will be 25 cents to 26 cents a share, up from a forecast of 16 cents to 17 cents, the Westchester-based company said of preliminary figures released Wednesday after U.S. markets closed. Official results are due Aug. 7.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
