SCOTTSDALE, Ariz. (AP) -- P.F. Chang's China Bistro Inc. boosted its full-year outlook for earnings from continuing operations Wednesday, citing improved restaurant operating margins.
The restaurant operator now expects income from continuing operations in a range of $1.60 to $1.65 per share. Its previous guidance was for profit in a range of $1.45 to $1.50 per share.
Analysts surveyed by Thomson Reuters, whose estimates typically exclude one-time items, forecast net income of $1.63 per share.
P.F. Chang's also reported a 23 percent rise in its second-quarter profit. The company's stock added 73 cents, or 2.1 percent, to $34.91 in electronic premarket trading.
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