Domino's Pizza Climbs 8% As Q3 Revenues Beat Estimates

Shares of Domino's Pizza, Inc. (DPZ) are rising 8 percent on Thursday's trading after the company posted higher revenues in the third quarter, which came in above analysts estimates.

The company's revenue for the quarter rose 7 percent to $1.07 billion from $1.00 billion last year, while 22 analysts were looking for revenues of $1.06 billion for the three-month period.

Domino's attributed the rise in revenue to higher prices, which lifted its sales and managed to offset a drop in international franchise royalties and fees revenues.

Currently at $328.76, the stock has traded between $299.41 and $567.57 during the past 52 weeks.

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