NEW YORK (TheStreet) -- Shares of Domino's Pizza (DPZ) - Get Report are spiking by 9.24% to $128.48 on heavy trading volume on Thursday morning, after the company posted its 2015 fourth quarter results.

Before today's market open, the Ann Arbor, MI-based pizza chain reported adjusted earnings of $1.15 per diluted share, topping analysts' projections for earnings of $1.10 per share.

Revenue climbed by 15.3% to $741.18 million year-over-year and exceeded Wall Street's expectations of $706.97 million.

During the quarter, same store sales rose by 10.7% in the U.S. and 8.6% internationally.

Stable growth during the period helped offset the impact of a strong dollar, the company noted.

"Our network of strong franchisees has become even more profitable during these years of continued positive same store sales growth," President and CEO J. Patrick Doyle said in a statement.

"Great store economics around the world have led to accelerated unit growth. It's a positive cycle and the momentum continued through 2015," he added.

About 1.65 million of the company's shares were traded by this morning versus its average volume of 972,592 shares per day.

TheStreet Recommends

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, increase in net income and solid stock price performance.

The team believes its strengths outweigh the fact that the company shows low profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: DPZ

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