COSTA MESA, Calif. (AP) — COSTA MESA, Calif. (AP) — El Pollo Loco Holdings Inc. (LOCO) on Thursday reported fourth-quarter net income of $6.5 million.
On a per-share basis, the Costa Mesa, California-based company said it had net income of 22 cents. Earnings, adjusted for non-recurring costs, came to 25 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The Tex-Mex fast food chain posted revenue of $123.5 million in the period.
For the year, the company reported profit of $26.5 million, or 90 cents per share. Revenue was reported as $490 million.
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