09:54 AM EDT, 08/08/2024 (MT Newswires) -- Papa John's International's (PZZA) shares advanced more than 1% in recent early Thursday trading after the pizza company reported higher-than-expected adjusted earnings for the most recent fiscal quarter.

Fiscal Q2 adjusted net income was $0.61 per diluted share, up from $0.59 a year earlier.

Analysts polled by Capital IQ expected $0.53.

Revenue for the quarter ended June 30 was $507.9 million, down from $514.5 million a year earlier.

Analysts surveyed by Capital IQ expected $520.9 million.

Price: 43.10, Change: +0.61, Percent Change: +1.44