El Pollo LoCo (LOCO) Stock Tanking In After-Hours Trading Following Earnings Release

NEW YORK (TheStreet) -- Shares of El Pollo LoCo (LOCO) are down 6.8% to $26.30 in after-hours trading Thursday, following the release of the Mexican food company's first quarter earnings results.

The Mexican restaurant company posted earnings of 18 cents per share, higher compared to the Thomson Reuters consensus estimate of 17 cents per share for the quarter.

Revenue grew 17% year over year, coming in at $90.4 million. Analysts were expecting revenue of $88 million.

Although the company surpassed analysts' estimates on both the top and bottom line, the company issued a weak earnings guidance. 

El Pollo Loco forecats earnings per share between 67 and 71 cents per share for the full year. Wall Street had expected 2015 earnings of 70 cents per share.

El Pollo Loco, Spanish for "The Crazy Chicken," specializes in fire grilling citrus-marinated chicken in front of its customers with more than 400 company-owned and franchised restaurants in the Southwest.

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