Chipotle Tops 4Q Profit Forecasts


Chipotle Mexican Grill Inc. (CMG) on Thursday reported fourth-quarter profit of $16 million.

On a per-share basis, the Denver-based company said it had profit of 55 cents.

The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The Mexican food chain posted revenue of $1.03 billion in the period, which missed Street forecasts. Ten analysts surveyed by Zacks expected $1.04 billion.

Chipotle shares have climbed 12 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2 percent. In the final minutes of trading on Thursday, shares hit $423.65, a decrease of 11 percent in the last 12 months.



Add Comment

all comments

  Other news

more
Prince Carl Philip and Princess Sofia of Sweden are expecting their second baby!

Prince Carl Philip and Princess Sofia of Sweden are expecting their second baby!..

23-Mar, 13:18

Carl and Sofia are already parents to son Prince Alexander Last summer...

Report: Pakistan Terror Groups Get Rich From Crime, Money Laundering

Report: Pakistan Terror Groups Get Rich From Crime, Money Laundering..

23-Mar, 19:42

FILE - A Pakistani nun holds a candle during a vigil for victims of a...

Madonna posts cute photo of her adopted daughters sleeping

Madonna posts cute photo of her adopted daughters sleeping..

23-Mar, 22:20

by Emmy Griffiths Madonna has shared an adorable snap of her twins...

Devin Nunes apologises to Democrats for surveillance briefing

Devin Nunes apologises to Democrats for surveillance briefing..

23-Mar, 16:37

The chairman of the House intelligence committee has apologised for not...

Jobs Episode 1

Jobs Episode 1..

02-Mar, 22:12

The following Jobs Episode 1 English Sub has been released. Full HD Drama...

Gorbachev:

Gorbachev: "It all looks as if the world is preparing for war"..

28-Jan, 02:54

Former Soviet leader Mikhail Gorbachev has issued a dire warning: "The...

Mali-based extremists claim deadly attack on military base

Mali-based extremists claim deadly attack on military base..

10-Mar, 07:13

Mauritania's state-run news agency says a newly formed extremist group...

Every Question Episode 3878

Every Question Episode 3878..

09-Mar, 21:00

The following Every Question Episode 3878 English Sub has been released....