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Krispy Kreme Heats Up, Rising Nearly 24% on Solid Earnings
Updated from 12:53 p.m. EDT
Shares in Krispy Kreme Donuts (KREM Quote) surged Thursday after the company reported quarterly earnings above Wall Street estimates.
The company, which is known for making hot glazed donuts, reported net income for the second quarter at $3.6 million, a 266% increase from the $1 million in net income in last year's second quarter. It earned 25 cents a share, up from 10 cents a share in the year-ago period. The consensus among Wall Street analyst was for the company to earn 18 cents a share, according to market research firm First Call/Thomson Financial.
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