CPK’s preliminary results show profit
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From Times Wire Services
Shares of California Pizza Kitchen Inc. reached the highest level in a month after the Westchester-based company said third-quarter profit would beat its forecast on higher sales.
Preliminary third-quarter net income was 23 cents to 24 cents a share, the company said. That was more than the 22 cents to 23 cents it forecast.
Revenue rose about 13% to $162 million. The company expects to release its third-quarter earnings Nov. 8.
CPK shares rose 90 cents, or 4.8%, to $19.64.
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