Winston-Salem, NC-- Krispy Kreme Doughnuts Inc. shares surged more than 10% after hours Monday as the doughnut maker raised its outlook for 2013.
Market Watch is reporting, the Winston Salem based company said it expects adjusted 2013 earnings of between 44 cents and 47 cents a share. Analysts are currently forecasting, on average, 42 cents a share.
Krispy Kreme also surpassed third-quarter expectations, reporting adjusted earnings of 12 cents a share on revenue of $107.1 million. Analysts expected earnings of 7 cents share on revenue of $104.7 million. Read more on Krispy Kreme.
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