UPDATE 2-California Pizza 3rd-qtr profit forecast weak
By : * Q2 EPS 25 cents vs Wall St view 25 cents
Date posted :2009-08-06 18:49:00
* Same-restaurant sales fell 6.5 percent
* Sees Q3 EPS of 19 cents to 21 cents
* Shares flat after earnings report (Adds exec and analyst comments, updates stock)
LOS ANGELES , Aug 6 (Reuters) - California Pizza Kitchen Inc (CPKI.O) forecast third-quarter earnings slightly below Wall Street estimates, blaming persistently weak industry conditions.
The company posted a second-quarter profit on Thursday in line with expectations, as it continued to cut costs to offset waning revenue, as the recession discouraged eating out.
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