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News Watch
- 7/31/2009 4:03:49 PM
By Chip Brian, SmarTrend Analytics Team
7/31/2009 - CEC Entertainment Inc. (NYSE:CEC) shares fell more than 14% in afternoon trading Friday after missing Q2 expectations and because of concerns about the continued economic impact on sales. The company attributed its unfavorable results to weaker sales due to slower consumer spending and swine flu. An analyst with CL King & Associates, Michael W. Gallo, said the negative market response was not surprising given the recent run-up in CEC Entertainment's share price.
Contact Chip Brian
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