3.85%C 7.22 11.94%GE 17.61 13.61%
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ATLANTA - Fast food chain AFC Enterprises Inc. raised its full-year guidance Wednesday, saying it expects to earn between 75 cents and 80 cents per share.
| AFCE | 3.77 |  0.43 |
That's up from its previous estimate of 66 cents to 71 cents per share.
The Atlanta-based owner of Popeyes restaurants said it was boosting its full-year outlook because of a nine cent-per-share second-quarter benefit it received from an insurance claim settlement.
Separately Monday, AFC Enterprises said it earned $6.6 million, or 26 cents per share, during the second quarter. That compares with the previous year's result of $6.6 million, or 22 cents per share.
Excluding a pretax benefit of $3.8 million, the company said it earned $4.3 million, or 17 cents per share.
AFC shares fell 9 cents, or 1.1 percent, to $8.44 in trading Wednesday.
U.S. stocks made early gains on Tuesday, a day after the Dow Jones Industrial Average recorded its fourth-biggest point drop on record, as invest...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
Georgia Republican Sen. Saxby Chambliss handed the GOP a firewall against Democrats eager to flex their newfound political muscle in Washington, ...
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