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.

If you liked this article you might like

Futures Up After Lukewarm Jobs Report Friday

Futures Up After Lukewarm Jobs Report Friday

Surprise Arrest of Saudi Billionaire Alwaleed Bin Talal Overshadows Big Earnings

Surprise Arrest of Saudi Billionaire Alwaleed Bin Talal Overshadows Big Earnings

Buffalo Wild Wings Bottom Line Gets Fat on Boneless Wings

Buffalo Wild Wings Bottom Line Gets Fat on Boneless Wings

McDonald's Is Beating the Pants Off These Guys -- but Not the Ones You Think

McDonald's Is Beating the Pants Off These Guys -- but Not the Ones You Think

Most Restaurant Stocks Remain Tough to Swallow

Most Restaurant Stocks Remain Tough to Swallow