Noodles Q4 earnings send stock soaring
BROOMFIELD — On a brutal day for stock markets around the world, Noodles & Co. (Nasdaq: NDLS), which beat earnings estimates in the fourth quarter of fiscal year 2019, was a bright spot.
The Broomfield-based firm’s stock price soared more than 3.5 percent Thursday after Noodles posted quarterly revenues of $113.9 million, up 0.6 percent from the same period last year. Full-year results were also positive with sales totals of $462.4 million, up from $457.8 million in 2018.
In Q4, Noodles posted earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share.
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