CHICAGO Morton’s Restaurant Group Inc. reported this week worse-than-expected fourth-quarter results and a reduced 2008 profit outlook, but it appeased investors with plans for a $6 million stock repurchase plan. The company’s shares climbed more than 10 percent on Friday also on one analyst prediction that the company could be a buyout target.For the quarter ended Dec. 30, net income rose 14.5 percent from a year ago to $6.4 million, or 38 cents per share. Revenues increased 10.6 ...
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Contact: Desiree Torres Desiree.Torres@penton.com