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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.