Domino’s (DPZ) stock was down on Thursday following missed earnings during its third quarter of 2015.
Domino’s reported diluted earnings per share of 67 cents for the third quarter of 2015. This is up from the EPS of 63 cents that it reported during the same time last year. However, it failed to meet Wall Street’s estimates for the quarter, which were set at 74 cents per share.
Domino’s revenue for Q3 2015 was $484.7 million. This is an increase from the $446.6 million that it reported in revenue last year. Unfortunately for DPZ, it failed to meet analysts’ expectations, which were set at $487 million for revenue in the third quarter of 2015.
Domino’s net income for the third quarter of 2015 was $37.8 million. This is a roughly 6% increase over the $35.6 million reported during Q3 2014. The company reported same store sales growth in the U.S. and overseas. It also opened more stores this quarter. It’s net income was negatively affected by foreign currency exchange rates and its casualty insurance program.
DPZ shares were down 5% as of Noon Thursday.
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