ANN ARBOR, Michigan — Shares of Domino's Pizza fell sharply in premarket trading Thursday after the pizza chain reported weaker than expected earnings for the third quarter.
The Ann Arbor, Michigan-based company reported earnings of $37.8 million, or 67 cents per share, missing Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The company reported revenue of $484.7 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $482.3 million.
Domino's said sales at U.S. stores open at least a year, a key sign of a retailer's health, rose 10.5 percent in the quarter compared with the same period a year ago.
Shares of Domino's Pizza Inc. fell $4.23, or 3.9 percent, to $103.80 on premarket about an hour before the stock market opening Thursday. Its shares are up nearly 15 percent since the beginning of the year.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DPZ at http://www.zacks.com/ap/DPZ
Keywords: Domino's Pizza, Earnings Report