PREMARKET VOLUME: California Pizza Kitchen (CPKI)

Posted in General 
July 9th, 2009

California Pizza Kitchen Inc. (Nasdaq: (CPKI) shares will be ones to watch for a potential volume spike higher early Thursday. The company last night said it sees second-quarter profit in a range of 24 to 25 cents a share, up from analyst expectations of 21 cents. The company’s cost-cutting efforts appear to be working, as the upside guidance came despite a same-store sales decline of 6.5 percent, slightly worse than analysts were anticipating. Around 8 a.m. Eastern, bids for the stock were higher, above $14. – Mike Tarsala

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