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Domino's quarterly profit tops Wall Street view

Published 10/14/2014, 10:56 AM
© Reuters Signage at a Domino's pizza restaurant is pictured in Burbank, California

(Reuters) - Domino's Pizza Inc (N:DPZ) on Tuesday reported a quarterly profit that topped Wall Street's estimates, boosted by strong results overseas and its home market of the United States, where rival Pizza Hut is struggling.

The second-largest U.S. pizza chain by store count said net income rose to $35.6 million, or 63 cents per share, in the third quarter ended Sept. 7 from $30.6 million, or 53 cents per share, a year earlier.

Analysts on average had expected a profit of 61 cents per share, according to Thomson Reuters I/B/E/S.

Revenue rose 10.5 percent to $446.6 million after sales at stores open at least one year at domestic and international shops increased more than expected.

Domino's rivals include Yum Brands Inc's (N:YUM) Pizza Hut, Little Caesars Pizza and Papa John's International Inc (O:PZZA).

Domino's had 5,016 domestic outlets and 6,265 international stores at the end of the quarter.

(Story corrects store counts in last paragraph)

(Reporting by Lisa Baertlein in Los Angeles; Editing by Savio D'Souza)

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