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Compensation expenses pare P.F. Chang's 4-Q profit

SCOTTSDALE Ariz. P.F. Chang's China Bistro Inc. recorded a 5.5-percent dip in fourth-quarter profit from a year earlier, as equity-based compensation expense and increased costs negatively affected the company's bottom line.

Still, P.F. Chang's per-share, fourth-quarter profit beat average Wall Street estimates and the company's fiscal 2007 outlook was better than expected, sending the company's stock price to a nine-month high during trading on Wednesday.

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