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Shares of Papa John's International Inc. (NASDAQ:PZZA) rose on Wednesday, after the pizza maker reported better-than-expected fourth-quarter earnings because of cost-cutting and lower commodity costs.
After the market closed on Tuesday, Papa Johns said quarterly profit rose 7 percent to $13.7 million, or 49 cents per share, from $12.8 million, or 46 cents per share last year. Excluding one-time items, net income was 41 cents per share. That beat analyst expectations of 37 cents per share, according to a poll by Thomson Financial.
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