- Posted July 24, 2014
- Tweet This | Share on Facebook
Domino's 2Q profit rises
ANN ARBOR (AP) - Domino's Pizza Inc. (DPZ) on Tuesday reported net income that increased by 16 percent in its second quarter, and topped analysts' expectations.
The Ann Arbor-based company said earnings increased to $38.5 million, or 67 cents per share, from $33.3 million, or 57 cents per share, in the same quarter a year earlier. The average per-share estimate of analysts surveyed by Zacks Investment Research was for earnings of 65 cents.
The pizza chain said revenue climbed 8.8 percent to $450.5 million from $414 million in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $439.2 million, according to Zacks.
Domino's Pizza shares have climbed $3.74, or 5.4 percent, to $73.39 since the beginning of the year. The stock has risen $9.78, or 15 percent, in the last 12 months.
--------
This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full DPZ report: http://www.zacks.com/ap/DPZ
Published: Thu, Jul 24, 2014
headlines Oakland County
- Associations gather for Spring Fling
- Supreme Court denies rehearing request by attorneys sanctioned for meritless election lawsuit
- Law school conducts ‘Know Your Rights Day’ for high school students
- Oakland County household hazardous waste dropoff events promote environmental stewardship and safeguard communities
- Nessel testifies in support of BRITE Act
headlines National
- Incarceration series includes female inmates but doesn’t tell full story
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Former DOJ official who alleged election fraud violated at least one ethics rule, ethics committee says
- Winston & Strawn will provide reduced-cost legal services for routine tasks under Winston Legal Solutions umbrella
- Should Justice Sotomayor retire? Chemerinsky, White House haven’t joined calls for her to step down
- Which BigLaw firms are increasing lateral associate hiring the most? One made legal headlines last year