India, May 8 -- Papa John's International, Inc. (PZZA) reported Thursday that profit for the first quarter tumbled from last year as higher revenues were more than offset by higher general and administrative expenses. Adjusted earnings per share missed analysts' expectations, while quarterly revenues topped it to send the company's shares soaring 13 percent.
For the first quarter, the company reported net income attributable to common shareholders of $9.03 million or $0.27 per share, down from $14.64 million or $0.44 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter was $0.36 per share, compared to $0.67 per share in the year-ago quarter.
On average, analysts polled by Thomson Reuters expected the co...