California Pizza Kitchen Inc. (CPKI) reported that its third-quarter net income increased to $5.791 million or $0.24 per share from $4.960 million or $0.20 per share last year.
On average, 17 analysts polled by Thomson Reuters expected the company to report profit of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Full service comparable restaurant sales decreased 8.0%.
Total revenues decreased to $164.839 million from $173.958 million a year ago. Analysts expected revenue of $164.77 million for the quarter.
The company outlined its financial guidance for the fourth quarter of 2009. Comparable restaurant sales are expected to be between negative 5.5% and negative 6.5%. Earnings per share is estimated to be in the range of $0.16-$0.18.
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