DPZ - US Stocks Edge Higher; Domino's Posts Upbeat Earnings | Benzinga
U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 50 points on Monday.
Following the market opening Monday, the Dow traded up 0.04% 39,148.74 while the NASDAQ rose 0.36% to 16,054.82. The S&P 500 also rose, gaining, 0.16% to 5,096.91.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 0.2% on Monday.
In trading on Monday, utilities shares fell by 0.1%.
Top Headline
Domino’s Pizza Inc (NYSE: DPZ) reported better-than-expected fourth-quarter earnings.
The pizza chain reported fourth-quarter EPS of $4.48, beating the consensus of $4.38. The company reported sales of $1.40 billion, a slight improvement from $1.39 billion, marginally below the consensus estimate of $1.42 billion.
Domino's raised its quarterly dividend by 25% to $1.51 and authorized additional stock buyback of up to $1 billion.
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