Business

Krispy creamier

Krispy Kreme Doughnuts shares surged 12.73 percent to $8.50 after hours yesterday as the doughnut maker raised its outlook for 2013.

Winston-Salem, NC-based Krispy Kreme said it expects adjusted 2013 earnings of between 44 cents and 47 cents a share.

Krispy Kreme also surpassed third-quarter expectations, reporting adjusted earnings of 12 cents a share on revenue of $107.1 million. Analysts expected earnings of 7 cents share on revenue of $104.7 million.