Reuters: Hot Stocks: Noodles revenue misses estimate, shares slip

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Noodles revenue misses estimate, shares slip Nov 6th 2013, 21:15 Wed Nov 6, 2013 4:15pm EST Nov 6 (Reuters) - Noodles & Co reported lower-than-expected quarterly revenue, hurt by a tepid consumer spending environment, sending the company's shares down 6.5 percent in extended trading. The company, which serves pasta and noodle dishes for as little as $8, posted a net income of $3.3 million, or 11 cents per share, up from $133,000, or 1 cent per share, a year earlier. On an adjusted basis, Noodles earned 11 cents per share in the third quarter. Revenue rose 15.4 percent to $88.9 million. Analysts on average were expecting revenue of $91 million in the quarter ended Oct. 1, according to Thomson Reuters I/B/E/S. Comparable restaurant sales for company-owned restaurants were up 2.4 percent, below the 2.7 percent rise that analysts polled by Consensus Metrix had expected. Noodles' shares had closed at $46.68 on the Nasdaq on Wednesday. (Reporting by Maria Ajit Thomas in Bangalore; Editing by Joyjeet Das)

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