* Q3 EPS $0.11 misses est $0.14 * Q3 rev falls 3.7 pct pct to $324.2 mln
* Shares down 5 pct after the bell
Dec 8 (Reuters) - CKE Restaurants Inc posted quarterly earnings that missed market expectations, hurt by weak results at its Carl's Jr. fast-food chain, sending its shares down 5 percent.
Separately, the parent of the Carl's Jr. and Hardee's said for the four weeks ended Nov. 30, sales at company-operated restaurants open at least 13 months fell 5.2 percent. Carl's Jr. and Hardee's posted declines of 8.1 percent and 1.4 percent respectively.
'The further weakening of California's economy continued to impact Carl's Jr.,' Chief Executive Andrew Puzder said.
The company, known for its oversized hamburgers and provocative advertisements, said third-quarter net income rose slightly to $6.2 million, or 11 cents a share, from $5.4 million, or 10 cents a share, a year ago.
Revenue fell 3.7 percent to $324.2 million.
Restaurant-level margin declined to 19.4 percent from 20 percent in the year-ago quarter at Carl's Jr.
Analysts on average were expecting earnings of 14 cents a share, before special items, on revenue of $324.4 million, according to Thomson Reuters I/B/E/S.
Shares of the company were trading down 45 cents at $8.20 after the bell. They closed at $8.65 Tuesday on the New York Stock Exchange.
(Reporting by Mihir Dalal in Bangalore; Editing by Anil D'Silva ) Keywords: CKERESTAURANTS/ (mihir.dalal@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: mihir.dalal.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Shares down 5 pct after the bell
Dec 8 (Reuters) - CKE Restaurants Inc posted quarterly earnings that missed market expectations, hurt by weak results at its Carl's Jr. fast-food chain, sending its shares down 5 percent.
Separately, the parent of the Carl's Jr. and Hardee's said for the four weeks ended Nov. 30, sales at company-operated restaurants open at least 13 months fell 5.2 percent. Carl's Jr. and Hardee's posted declines of 8.1 percent and 1.4 percent respectively.
'The further weakening of California's economy continued to impact Carl's Jr.,' Chief Executive Andrew Puzder said.
The company, known for its oversized hamburgers and provocative advertisements, said third-quarter net income rose slightly to $6.2 million, or 11 cents a share, from $5.4 million, or 10 cents a share, a year ago.
Revenue fell 3.7 percent to $324.2 million.
Restaurant-level margin declined to 19.4 percent from 20 percent in the year-ago quarter at Carl's Jr.
Analysts on average were expecting earnings of 14 cents a share, before special items, on revenue of $324.4 million, according to Thomson Reuters I/B/E/S.
Shares of the company were trading down 45 cents at $8.20 after the bell. They closed at $8.65 Tuesday on the New York Stock Exchange.
(Reporting by Mihir Dalal in Bangalore; Editing by Anil D'Silva ) Keywords: CKERESTAURANTS/ (mihir.dalal@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: mihir.dalal.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.