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El Pollo Loco: Q4 Earnings Snapshot

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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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOCO at https://www.zacks.com/ap/LOCO

Iran says improved ballistic missile shows it will take preemptive action against threats

WASHINGTON (AP) — Iran state media on Monday said a ballistic missile with improved capabilities was demonstrating a new doctrine: Tehran “will take action against any threat, even before it is carried out.” The report by Iran’s state news agency repeatedly cited comments aired on state TV the day before by the head of Iran’s Supreme National Security Council, Mohsen Rezaei, who boasted of new missile capability and claimed it had been “tested” against a U.S. warship. But it was not clear whether what was tested was the missile the new report described, the solid-fueled Qassem Basir. The U.S. on Saturday said ballistic missiles were launched at U.S. warships and it struck three Iranian oil tankers in response. Experts called the launch a dangerous escalation, noting that until then Iran's attacks at sea had targeted commercial shipping during six months of war. The U.S. said the warships evaded the attacks. Iran’s messaging in recent days has become more assertive, and Monday’s report said the Qassem Basir marks “a turning point in Iran’s defense strategy.” It described the missile as having greater range and accuracy and a half-ton warhead. The missile was unveiled last year, when it was described as having at least a 1,200-kilometer (745-mile) range.
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