reported a loss of $3.6 million, or 2 cents a share, for the first quarter ended June 30, versus net income of $12 million, or 6 cents a share, a year ago. Revenue for the quarter was $241.1 million. Analysts expected a loss of 3 cents a share on revenue of $203.9 million. For the year, Activision said it expects to earn 69 cents a share on revenue of $1.47 billion, in line with estimates.
reported earnings for the second quarter ended July 2 of $41.7 million, or 26 cents a share, on revenue of $6.84 billion. That compares with earnings of $25.9 million, or 16 cents a share, on revenue of $5.72 billion, a year ago. Excluding certain items, the company earned $49.1 million, or 30 cents a share. Analysts expected earnings of 27 cents a share on revenue of $6.78 billion. The stock was up $1.39, or 8.5%, to $17.75 in after-hours trading.
California Pizza Kitchen
( CPKI) posted earnings of $6.2 million, or 32 cents a share, for the second quarter ended July3, compared with $5.4 million, or 28 cents a share, a year ago. Total revenue for the quarter increased 16.5% to $119.4 million from $102.5 million last year. Analysts polled by Thomson First Call expected earnings of 31 cents a share on revenue of $118.5 million. For the year, CPK expects to earn $1.16 to $1.18 a share, compared with Wall Street's forecast of $1.21 a share.
( YELL) posted a profit of $76.1 million, or $1.38 a share, for the second quarter ended June 30, compared with $46.9 million, or 97 cents a share, a year ago. Revenue rose to $2.09 billion from $1.67 billion last year. According to Thomson First call, analysts expected earnings of $1.38 a share on sales of $2.16 billion. For the third quarter, the company expects to earn $1.60 to $1.65 a share, versus Wall Street's forecast of $1.64 a share. The stock was down $1.09, or 2.02%, to $53 in after-hours trading.
reported earnings of $70.8 million, or 61 cents a share, for the second quarter ended July 3, compared with $71.6 million, or 62 cents a share, a year ago. Revenue for the quarter rose to $951 million from $908 million last year. Analysts expected earnings of 57 cents a share on revenue of $956.2 million, according to Thomson First Call. For the year, Wendy's said it now expects to earn $2.20 to $2.26 a share, down from its previous guidance of $2.29 to $2.35 a share. Wall Street was forecasting earnings of $2.24 a share.
Friday morning, the company also outlined a plan to sell up to 18% of its Tim Hortons unit in a public offering and sell certain company-owned restaurants back to their franchisees. Wendy's also boosted its stock buyback authorization and raised its annual dividend 25% to 68 cents. The stock was up $1.33, or 2.94%, to $46.60 in after-hours trading.