Shares of Domino's Pizza (NYSE: DPZ) were down 13.5% as of 1:35 p.m. ET Thursday despite reporting strong earnings in its fiscal Q2 2024 financial report this morning.

Heading into the quarterly update, analysts forecast Domino's would earn $3.65 per share on $1.1 billion in sales in Q2. But while the company only met the sales target, its earnings were much stronger than forecast, coming in at $4.03 per share.

So why is the stock down today?

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Source Fool.com