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Why Noodles & Company (NDLS) Stock Is Falling Today

Tickers in this article: NDLS

NEW YORK (TheStreet) -- Noodles & Company shares are down -13.5% to $32.86 in trading on Wednesday following the release of the company's first quarter earnings report.

The company reported a year over year quarterly revenue increase of 10% to $89.5 million, missing analysts estimates of $102.9 million in revenue.

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The casual restaurant company posted earnings of 5 cents per share, in line with analysts estimates.

The company reported that company-owned comparable restaurant sales were down -1.4%, franchisee sales were down -3.6% and overall sales were down -1.6%.

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