Why Noodles & Company (NDLS) Stock Is Falling Today

NEW YORK (TheStreet) -- Noodles & Company (NDLS) shares are down -13.5% to $32.86 in trading on Wednesday following the release of the company's first quarter earnings report.

The company reported a year over year quarterly revenue increase of 10% to $89.5 million, missing analysts estimates of $102.9 million in revenue.

Must Read: Warren Buffett's 10 Favorite Growth Stocks 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. 

The casual restaurant company posted earnings of 5 cents per share, in line with analysts estimates.

The company reported that company-owned comparable restaurant sales were down -1.4%, franchisee sales were down -3.6% and overall sales were down -1.6%.

NDLS Chart

NDLS data by YCharts

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists