PF Chang's (PFCB) Posts Q3 EPS of $0.45, In-Line with Views; Sees FY10 Revs Slightly Better than FY09; Declares $0.21 Quarterly Dividend, 1.7% Yield

PF Chang's (Nasdaq: PFCB) reports Q3 EPS of $0.45, even with the analyst estimate of $0.45. Revenue for the quarter was $308.41 million, which compares to the estimate of $307.61 million.

Bistro comps up 2.3%, Pei Wei comps up 0.8% in Q310.

Sees FY10 revs up slightly to FY09, with an EPS of about $1.95. Consensus sees an EPS of $1.98.

The Company’s Board of Directors has authorized a cash dividend payment of $0.21 per share on the Company’s outstanding common stock, $0.84 annualized.

The dividend is payable on November 22, 2010 to shareholders of record at the close of business on November 8, 2010. The ex-dividend date is November 4, 2010.

Yield on the dividend is 1.7%.

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