3-8-18 4:48 PM EST | Email Article

El Pollo Loco Holdings Inc. (LOCO) shares shot up 7% in the extended session Thursday after the company beat earnings expectations and issued higher-than-expected guidance for 2018. El Pollo stock closed at $9.60 during the regular session. The company reported fourth-quarter net losses close to break-even, or $38,000, which amounts to zero cents a share. In the year-ago period, the restaurant holding outfit logged net income of nearly $500,000, or 1 cent a share. Adjusted earnings were 11 cents a share. Revenue rose to $95.2 million from $92.5 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 10 cents a share on revenue of $95.3 million. El Pollo said for 2018 it expects adjusted earnings of 68 cents to 73 cents a share, while Wall Street expected earnings of 70 cents a share. El Pollo stock has dropped 19% this year, with the S&P 500 index rising 15%.

-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

03-08-18 1648ET

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