Why Noodles & Company (NDLS) Stock Is Plunging in After-Hours Trading Today

NEW YORK (TheStreet) -- Noodles & Company  (NDLS) plunged in after-hours trading on Wednesday after the company reported second-quarter earnings that came up short of analysts' expectations.

Adjusted net income declined 7.5% year-over-year to $3.7 million, or 12 cents a share, from $4 million, or 13 cents a share. Revenue increased 11.5% year-over-year to $99.5 million from $89.2 million. The consensus estimate called for earnings of 15 cents a share on revenue of $102.9 million.

The company also expects flat comparable-restaurant sales growth and flat adjusted earnings per share growth for the full year.

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The stock was down 18.68% to $20.50 at 4:38 p.m.

NDLS Chart NDLS data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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