Denny's posts 4Q profit

SPARTANBURG, S.C. (AP) _ Denny's Corp. (DENN) on Wednesday reported fourth-quarter net income of $11.3 million.

The Spartanburg, South Carolina-based company said it had profit of 15 cents per share. Earnings, adjusted for one-time gains and costs, came to 17 cents per share.

The restaurant operator posted revenue of $129.6 million in the period.

For the year, the company reported profit of $19.4 million, or 25 cents per share. Revenue was reported as $506.9 million.

Denny's expects full-year revenue in the range of $523 million to $532 million.

Denny's shares have fallen 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.30, a climb of 29 percent in the last 12 months.


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