Casual dining restaurants operator Ruby Tuesday ( RI) said fourth quarter earnings rose 21.9% from the year-ago period. The company earned $31.7 million, or 53 cents a share in the quarter, compared with $26 million, or 40 cents a share, a year ago. Analysts polled by Thomson First Call were expecting earnings of $30.1 million, or 51 cents a share. Fourth-quarter revenue rose 23.3% from a year ago to $364.3 million as against analysts' expectation of $360.5 million. Ruby Tuesday said its recent quarter included 14 weeks of sales, compared with 13 weeks a year ago. The company estimates that the extra week boosted the quarterly and full-year earnings by about 4 cents a share. The Maryville, Tenn.-based company expects to earn 34 cents a share to 38 cents a share in the first quarter of fiscal 2007, on same-store sale of flat to 2% down. First-quarter earnings estimate includes impact of stock based compensation expense. Full year 2007 earnings are expected to be $1.70 a share to $1.75 a share. Analysts expect earnings of 40 cents a share in the first quarter and $1.74 a share in the full year. ''We believe we have laid a solid foundation during fiscal 2006 upon which we can build an even greater company, and we are very excited about the plans we have going forward," the company said. During the quarter, same-store sales rose 2.9% at company-owned restaurants and increased 7.1% at domestic franchise restaurants. June same-store sales fell 2.7% at company-owned locations and dropped 1.3% at franchise restaurants in the U.S. The company repurchased 1.0 million shares of its common stock during the quarter at an average price of $28.94 a share. The company also increased its annual dividend by 5 cents to 50 cents a share, to be paid semi-annually. Seperately, the company said its board named Kevin Clayton, CEO of Berkshire Hathaway's Clayton Homes, as director and expanded the board to eight members from seven. Ruby's stock was up in after market activity by 92 cents, or 3.9%, to $24.30 Tuesday.