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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?