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Papa John's earnings miss estimates, revenue falls

Nov 06, 2018 - Louisville Business First (Kentucky)

Papa John's International Inc.'s revenue fell nearly 16 percent in the third quarter as the pizza company missed analysts' expectations across the board.

The Louisville-based company posted revenue of $364 million, missing the average Yahoo analyst expectation of $394 million. Papa John's revenue was down 16 percent from $431.7 million in the same quarter last year.

The company posted adjusted earnings per share of 20 cents, diluted, which missed analysts' average expectations by 2 c...