BROOMFIELD, Colo. (AP) _ Noodles & Co. (NDLS) on Thursday reported fourth-quarter net income of $19,000, after reporting a loss in the same period a year earlier.
The Broomfield, Colorado-based company said it had net income of less than 1 cent on a per-share basis. Earnings, adjusted for asset impairment costs, came to 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The restaurant chain posted revenue of $113.2 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $113.8 million.
For the year, the company reported that its loss narrowed to $8.4 million, or 20 cents per share. Revenue was reported as $457.8 million.
Noodles & Co. expects full-year earnings in the range of 6 cents to 15 cents per share, with revenue in the range of $462 million to $470 million.
Noodles & Co. shares have increased roughly 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.38, an increase of 20 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDLS at https://www.zacks.com/ap/NDLS