NEW YORK (TheStreet) -- Noodles & Co (NDLS) shares are climbing 9.6% to $25 in early market trading on Thursday after the casual restaurant chain posted its third quarter earnings results after the closing bell on Wednesday.
The company reported earnings of 10 cents per diluted share on an adjusted basis, in line with analysts' expectations for the period but 1 cent lower than the 11 cents the company reported during the same quarter last year.
Noodles & Co. generated revenue of $106.2 million during the quarter, ahead of analysts' expectations of $105.1 million in revenue.
TheStreet Ratings team rates NOODLES & CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate NOODLES & CO (NDLS) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: NDLS Ratings Report