UPDATE 1-CEC Entertainment Q1 profit in line, ups FY EPS view

Thu May 6, 2010 4:46pm EDT

* Q1 EPS $1.53 in line with est

* Revenue fall marginally

* Same-store sales up 0.7 pct

* Sees FY 2010 EPS $2.70-$2.80

May 6 (Reuters) - CEC Entertainment Inc CEC.N, which owns the Chuck E Cheese's restaurant chain, reported quarterly profit in line with analysts' estimates and raised its fiscal 2010 earnings view.

The company, which competes with Domino's Pizza Inc (DPZ.N) and Yum Brands Inc's (YUM.N) Pizza Hut, now sees earnings of $2.70 a share to $2.80 a share for fiscal 2010, up from its prior view of $2.68 a share to $2.78 a share.

Analysts on average were expecting earnings of $2.81 a share, before items, according to Thomson Reuters I/B/E/S.

For the first quarter, the Irving, Texas-based company earned $33.9 million, or $1.53 a share, compared with $34.1 million, or $1.48 a share a year earlier.

Revenue fell marginally to $246.3 million.

Analysts were expecting earnings of $1.53 a share on revenue of $253.0 million.

Shares of CEC closed at $37.42 Thursday on the New York Stock Exchange. (Reporting by Renju Jose in Bangalore; Editing by Don Sebastian)

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