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California Pizza Kitchen


Tuesday preannounced fourth-quarter earnings that beat analysts' expectations with a 20% jump in revenue.

The restaurant said it expects to earn 32 cents a share on revenue of $115.1 million for the quarter ended Jan 2. Same-store sales rose 7.7%, almost double the rate of a year ago. The company had previously forecast EPS of 30 cents.

Analysts had expected EPS of 30 cents on revenue of 111.4 million.

The Los Angeles-based company reports fourth-quarter and full-year earnings on Feb. 3.

Shares rose 32 cents, or 1.3%, to $23.87.