Potbelly Shares Up 7% After Company Beats Expectations

By Claudia AssisMarketWatch Pulse

Potbelly Corp. shares rallied 7% Tuesday after the company reported fiscal fourth-quarter earnings that beat Wall Street expectations. Potbelly said it earned $1.2 million, or 5 cents a share, compared with $700,000, or 2 cents a share, in the fiscal fourth quarter of 2014. Adjusted for one-time items, the company earned $2.3 million, or 8 cents a share, from 6 cents a share in the year-ago period, Potbelly said. Revenue rose 12% to $95.1 million. Analysts polled by FactSet had expected the company to earn 6 cents a share on sales of $94.8 million in the quarter. Company-operated comparable-store sales rose 3.7%.

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