COSTA MESA, Calif. (AP) _ El Pollo Loco Holdings Inc. (LOCO) on Thursday reported third-quarter earnings of $6.4 million.
On a per-share basis, the Costa Mesa, California-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring costs, came to 20 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The Tex-Mex fast food chain posted revenue of $112.1 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $110.4 million.
El Pollo Loco shares have decreased 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.62, a fall of 7% in the last 12 months.