Rochester, NY 8/11/2009 7:04:46 PM
Pre Market - AFC Enterprises Inc., AFCE - AFC Enterprises stock rises, company’s profit beating market estimates
AFC Enterprises Inc.
Restaurant operator AFC Enterprises Inc. rose its shares by 8 percent last Thursday, this was a day after it reports a smaller-than expected earnings decline for the first quarter and global same-store sales turned higher for the first time since mid-2006.
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The operator of Popeyes restaurants further announced that after the markets closed Wednesday that it earned $5 million, or 20 cents per share, in the 16 weeks ended April 19, down from $6.4 million, or 24 cents per share, a year earlier. Sales fell 10 percent to $47.9 million.
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