U.S. Markets open in 4 hrs 17 mins

Papa John's tops 4Q profit forecasts

LOUISVILLE, Ky. (AP) _ Papa John's International Inc. (PZZA) on Tuesday reported fourth-quarter profit of $32.6 million.

The Louisville, Kentucky-based company said it had profit of 88 cents per share. Earnings, adjusted for non-recurring gains, came to 69 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The pizza chain posted revenue of $439.6 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $445.8 million.

For the year, the company reported profit of $102.8 million, or $2.74 per share. Revenue was reported as $1.71 billion.

Papa John's shares have increased slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $85.63, a rise of 64 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PZZA at https://www.zacks.com/ap/PZZA

_____

Keywords: Papa John's, Earnings Report