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.

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