California Pizza Kitchen Trims Earnings Target; Rev Tops View

According to the Wall Street Journal. “California Pizza Kitchen Inc. (CPKI) said revenue grew 3.8% in the fiscal fourth-quarter, slightly topping expectations, but the company trimmed its earnings forecast.”

“For the quarter ended Jan. 3, the restaurant chain said revenue increased to $167.8 million. Analysts polled by Thomson Reuters expected $167 million.But per-share earnings are expected,” the story said.