CEC Entertainment Inc. (CEC) reported third-quarter net earnings of $12.7 million compared to $9.9 million last year. Earnings per share increased to $0.55 from $0.43 last year.
On average, 9 analysts polled by Thomson Reuters expected the company to report profit of $0.46 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues decreased to $197.8 million from $201.9 million last year. Analysts expected revenue of $195.66 million for the quarter. Comparable store sales declined 3.1%.
The company expects fiscal 2009 earnings per share to be in a range of $2.63-$2.67.
The company is projecting fiscal 2010 earnings per share to be in a range of $2.70-$2.80.
The company also announced that its Board of Directors authorized the purchase of up to an additional $200 million of common stock under its share repurchase program. With the increase, the company currently has authorization to purchase approximately $237.8 million of its common stock, representing approximately 40% of the Company's current market capitalization.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.