DPZ stock is up 4% today despite Domino’s Pizza (NYSE:DPZ) cutting its guidance following the release of its third-quarter earnings report.
Earnings Disappoint as Company Cuts GuidanceDPZ stock opened significantly lower today after the pizza delivery company fell short of analysts’ estimates for its third-quarter earnings and revenue. Domino’s posted EPS of $2.05 on revenue of $820.8 million USD, which missed Wall Street’s expectations of $2.08 on revenue of $827.2 million USD. The company also cut its guidance, announcing a new 2–3 year outlook for global retail sales growth of 7%–10%, compared with the previous ...
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