On Wednesday, Shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA), subtract -0.64% and closed at $85.59 in the last trading session. The last trading range of the stock ranges between $85.16 and $86.68. Papa John’s International, Inc. (PZZA) recently declared financial results for the three and nine months ended September 25, 2016.
Third quarter earnings per diluted share of $0.57 in 2016, or a boost of 26.7% over 2015 third quarter earnings
System-wide comparable sales increases of 5.5% for North America and 7.6% for International in the third quarter
36 worldwide net unit openings in the third quarter
Raised 2016 diluted earnings per share guidance to a range of $2.46 to $2.52 from the prior range of $2.35 to 2.45
“We are happy that our strong performance continued in the 3rd quarter, with excellent comp sales, earnings and unit growth,” said Papa John’s founder, chairman and CEO John Schnatter. “With continued enhancements to our digital platforms, expansion of our international footprint, and the introduction of our new pan pizza, 2016 is shaping up to be another outstanding year for Papa John’s.”
Third quarter 2016 revenues were $422.4 million, an 8.5% increase from third quarter 2015 revenues of $389.3 million. Third quarter 2016 net income was $21.5 million, a 19.5% increase from third quarter 2015 net income of $18.0 million. Third quarter 2016 diluted earnings per share were $0.57, a 26.7% increase contrast to third quarter 2015 diluted earnings per share of $0.45.
NOW Inc (NYSE:DNOW), jumped 0.69% and closed at $19.81 in the last trading session. The last trading range of the stock ranges between $19.57 and $19.96. The company’s Market capitalization is $2.20 Billion with the total Outstanding Shares of 107.47 million. NOW Inc.’s (DNOW) U.S. partner DNOW L.P. declares distributorship agreements to strengthen its upstream pumping, valve and actuation product lines.
The Company has just reached an OEM valve automation packaging agreement with Rotork Controls for their Flow Control products, which includes actuators, gearboxes, valve accessories and instrumentation and control, for both domestic and international projects. This is an extension of the existing distribution agreement the Company has in Canada for these Rotork products. This, together with the global Enterprise Distributor Program (EDP) the Company has in place with Schlumberger for its Cameron engineered and distributed valve product lines, allows its customers full access to the Cameron valve line and Rotork actuation and controls.
The Company has also reached a distributorship agreement with Schlumberger for the exclusive right to distribute Schlumberger’s Reda HPS Pumps and certain related parts in fifteen states across the United States. Schlumberger will provide technical support for these products as part of this collaboration.