Why Did Papa John's Stock Crash After Earnings?
Papa John's dashes hopes for a quick going-private transaction. Investors abandon ship.
Overview
Pizza chain Papa John's (NASDAQ: PZZA) stock crashed 15.9% through 1:25 p.m. ET Thursday despite beating analyst forecasts for Q2 earnings this morning.
Analysts had expected Papa John's to earn $0.44 per share on $482 million in sales, numbers the company edged out when it reported $0.46 per share in profit and $482.4 million in sales.
Details
So why are investors disappointed today?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.