McCormick & Schmick's rises on higher-than-expected Q2 earnings
McCormick & Schmickʼs Seafood Restaurants Inc. (NASDAQ:MSSR) is up 16% this morning after reporting after the close Wednesday better-than-expected second-quarter earnings. For the three months ended June 28, the Portland-based small cap said it earned $2.4 million, or $0.16 per share, down from $4.5 million, or $0.31, a year earlier. Analysts were expecting earnings of $0.14 per share. Guest traffic was down 5.4% for the quarter.
At 11:00 AM , McCormick & Schmickʼs was at $10.49, up $1.47 from Wednesdayʼs close. It has traded as low as $7.08 and as high as $30.98 in the past year.
For detailed price information and recent news stories about McCormick & Schmickʼs, click MSSR.
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Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.
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