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El Pollo Loco: 3Q Earnings Snapshot

·1 min read

COSTA MESA, Calif. (AP) _ El Pollo Loco Holdings Inc. (LOCO) on Thursday reported third-quarter profit of $9.9 million.

The Costa Mesa, California-based company said it had profit of 28 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The Tex-Mex fast food chain posted revenue of $111 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $112.3 million.

El Pollo Loco shares have increased 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.60, a rise of 49% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOCO at https://www.zacks.com/ap/LOCO