CPI Corp. higher as Q4 profit rises
Shares of professional portrait photography company CPI Corp. (NYSE:CPY) are looking good on news after the close on Tuesday of an increase in fourth-quarter profit. The St. Louis, Mo.-based firm reported that earnings for the three months ended Feb. 2 were $15.1 million, or $2.35 per share, compared with $14.8 million, or $2.32 per share, a year earlier.
Revenues jumped 62% to $162.8 million from $100.7 million.
At 10:32 a.m. ET, the stock had gained $3.55, or 22%, to $19.44. For detailed price information and recent news stories about CPI, click CPY.
