Domino’s Pizza Inc (NYSE:DPZ) Slightly Down As Company Misses Revenue Estimate

Domino’s Pizza, Inc (NYSE:DPZ)’s stock was slightly down in premarket trading on Thursday after the company reported its quarterly revenue that missed estimates for the second straight quarter.

Shares of Domino’s Pizza Inc were priced at US$107.96 before the opening bell, down 0.06% from the previous close of US$108.03.

On Wednesday, Domino’s Pizza Inc’s stock gained 0.72 percent as investors were anticipating news about the company’s quarterly revenue.

On Thursday, the company reported quarterly revenue that fell below analysts’ estimates for the second straight quarter. The drop was blamed on a strong dollar.

Domino’s said last week that third-quarter profit would be reduced by 6 cents per share due to higher insurance expense related to its casualty insurance program.

Net income rose to $37.8 million, or 67 cents per share, for the quarter ended Sept. 6, from $35.6 million, or 63 cents per share, in the year-earlier quarter. – BusinessNewsAsia.com

[Got news tip or press release? Email us at editor@businessnewsasia.com]

LEAVE A REPLY