SAN FRANCISCO (MarketWatch) -- Krispy Kreme Doughnuts Inc. (KKD) shares dropped late Thursday after the doughnut maker's second-quarter earnings and full-year outlook fell short of Wall Street expectations. Krispy Kreme shares fell 13% to $20.25 in after-hours activity on moderate volume. The company reported quarterly earnings of $4.7 million, or 7 cents a share, down from $4.9 million, or 7 cents a share, in the year-ago period. Excluding one-time items, Krispy Kreme would have reported earnings of 14 cents a share for the second quarter. Revenue rose to $112.7 million from $102.1 million in the year-ago period. Analysts surveyed by FactSet expected earnings of 16 cents a share on revenue of $111.9 million. The company also forecast earnings of 59 cents to 63 cents a share for the full year. Analysts expect 64 cents a share.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
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08-29-13 1711ETCopyright (c) 2013 Dow Jones & Company, Inc.
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