Los Angeles Business Journal

DineEquity Jumps on Profit, Planned Job Cuts

Tuesday, July 31, 2012

DineEquity Inc. shares rose more than 10 percent in early trading today after the Glendale restaurant operator reported a better-than-expected quarterly profit, helped by lower costs and strength in its Applebee's business. Reuters reports that the company plans to cut costs further by eliminating 100 jobs.