Domino's Pizza Down 8.6% on Lower Than Expected Q1 Earnings

Domino's Pizza

is trading lower on the session following its Q1 earnings announcement. The company reported an EPS of $0.47 vs $0.49 estimate and revenues of $384.6 million vs $404.06 million estimate. J. Patrick Doyle, Domino's President and Chief Executive Officer, stated: "On the heels of a successful recapitalization and a $3 per share special dividend, we're continuing to report strong financial results. And, as a result of the Company's strong cash flow characteristics, we continue to have the flexibility to deploy capital through various channels to benefit our shareholders." Domino's Pizza is currently trading at $34.55, a loss of $3.26 or 8.62%.