U.S. stocks indexes moved little on Tuesday, with major companies such as Johnson & Johnson (JNJ, Financial) and Goldman Sachs (GS, Financial) starting to report earnings. The Dow Jones Industrial Average gained 0.11% to 27,388, the S&P 500 index slid 0.05% to 3,013, and the Nasdaq Composite Index dipped 0.03% to 8,256.
Shares of Domino's Pizza Inc. (DPZ, Financial) fell more than 4% after announcing second-quarter results. The company posted earnings of $2.19 per share and $811.65 million in revenues, reflecting 4.1% growth from the comparable trimester of the previous year. The company beat earnings estimates by 16 cents but fell short of revenue expectations by $23.22 million.
The rise in diluted earnings per share was due to higher net income and lower diluted share count because of share repurchases.
The company's global retail sales rose 5.1%, U.S. same-store sales grew 3.0% and international same-store sales increased 2.4%.
"It was a good second quarter, particularly for global unit growth, as we continue to seek balanced retail sales growth through the blend of same store sales and store growth," CEO Ritch Allison said.
During the quarter ended March 31, Ken Fisher (Trades, Portfolio) reduced his holding in the company by 26.02% to 788,173 shares, and Jim Simons' (Trades, Portfolio) Renaissance Technologies trimmed 10.11% to 2,773,500 shares. Chase Coleman (Trades, Portfolio) slashed his Domino's holding by 34.58% to 1,224,850 shares, Ron Baron (Trades, Portfolio) reduced 44.26% to 49,108 shares, Paul Tudor Jones (Trades, Portfolio) curbed its stake by 70.92% to 3,997 shares and Steven Cohen (Trades, Portfolio) sold out the stock.
Gainers
• Rockwell Automation Inc. (ROK, Financial)
• United Airlines Holdings Inc. (UAL, Financial)
• Eastman Chemical Co. (EMN, Financial)
• FedEx Corp. (FDX, Financial)
Losers
• Carmax Inc. (KMX, Financial)
• Electronic Arts Inc. (EA, Financial)
• Western Digital Corp. (WDC, Financial)
• Cimarex Energy Co. (XEC, Financial)
• Tyson Foods Inc. (TSN, Financial)
Global markets
The main European stock markets traded higher. The U.K.'s FTSE 100 jumped 0.70%, France's CAC 40 inched up 0.73%, Germany's Dax climbed 0.51% and Spain's Ibex 35 rose 0.59%.
In Asia, Japan's Nikkei 225 fell 0.69%, India’s BSE Sensex climbed 0.60%, Hong Kong's Hang Seng advanced 0.23% and China's Shanghai Composite slid 0.16%.
Disclosure: The author holds no positions in any stocks mentioned.
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