Luby's (LUB) +9.7% premarket as the restaurant chain raises its forecast for FY 2012 sales and...

|By:, SA News Editor

Luby's (LUB) +9.7% premarket as the restaurant chain raises its forecast for FY 2012 sales and earnings, expecting to generate profit from continuing operations of $0.15-$0.18/share, up from $0.09-$0.12 previously. Same-store sales should grow 1%-2%, although total restaurant sales likely will show just modest improvement.