Domino's Pizza
ANN ARBOR (AP) - Domino's Pizza Inc. (DPZ) last Thursday reported fourth-quarter earnings of $111.6 million.
On a per-share basis, the Ann Arbor, Michigan-based company said it had net income of $2.62.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.
The pizza chain posted revenue of $1.08 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.09 billion.
For the year, the company reported profit of $362 million, or $8.35 per share. Revenue was reported as $3.43 billion.
Domino's Pizza shares have climbed 12 percent since the beginning of the year. The stock has climbed 26 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DPZ at https://www.zacks.com/ap/DPZ
Agree Realty
BLOOMFIELD HILLS (AP) - Agree Realty Corp. (ADC) last Thursday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations.
The real estate investment trust, based in Bloomfield Hills, Michigan, said it had funds from operations of $25.6 million, or 72 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 73 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $13.2 million, or 37 cents per share.
The real estate investment trust posted revenue of $40.7 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $39.5 million.
For the year, the company reported funds from operations of $93.4 million, or $2.85 per share. Revenue was reported as $148.2 million.
The company's shares have risen nearly 9 percent since the beginning of the year. In the final minutes of trading last Thursday, shares hit $64.38, a climb of 43 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADC at https://www.zacks.com/ap/ADC
Universal Truckload
WARREN (AP) - Universal Truckload Services Inc. (ULH) last Thursday reported fourth-quarter net income of $9 million.
The Warren, Michigan-based company said it had profit of 32 cents per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.
The trucking and logistics company posted revenue of $386.4 million in the period.
For the year, the company reported profit of $52.2 million, or $1.84 per share. Revenue was reported as $1.46 billion.
Universal Truckload shares have increased 30 percent since the beginning of the year. In the final minutes of trading last Thursday, shares hit $23.56, an increase of slightly more than 6 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ULH at https://www.zacks.com/ap/ULH
Published: Mon, Feb 25, 2019
