CPK Posts Profit In Q4

According to RTTNews.com, “California Pizza Kitchen Inc. (CPKI: News ) Thursday reported fourth-quarter net income of $440 thousand or $0.02 per share, compared to net loss of $9.90 million or $0.41 per share in the prior year period.”

“Net income excluding impairment, store closure and litigation, settlement and other costs for the quarter was $4.15 million or $0.17 per share. On average, 12 analysts polled by Thomson Reuters expected earnings of $0.09 per share for the quarter. Analysts’ estimate typically excludes one-time items. Total revenues for the quarter declined to $157.94 million from $167.85 million in the prior year period. Analysts estimated revenues of $158.02 million for the quarter.”