CORRECTED: El Pollo Loco Shares Fall After Earnings
(Correcting revenue number) El Pollo Loco Holdings, Inc. shares fell 10% in after-hours trade Thursday after the company released its first-quarter earnings. The company reported net income of $6.8 million, or 17 cents per share, up from $5.5 million, or 18 cents per share in the year-earlier period. It reported pro forma net income per diluted share of 18 cents. The FactSet consensus estimated adjusted earnings per share at 17 cents. El Pollo Loco had sales of $90.4 million, above the Factset consensus of $88.5 million. The company issued an outlook of 67 cents to 71 cents for 2015 pro forma diluted net income. The FactSet consensus was 70 cents.
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