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Chipotle tops earnings, revenue expectations

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Chipotle had a strong Q1, with beats across the board. The fast food giant reported $1.31 billion in revenue, compared to the estimated $1.26 billion.

Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts' expectations.

div > div.group > p:first-child"> After the markets closed, shares of the company initially surged 4% but were recently trading down 2%. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Chipotle reported fiscal first-quarter net income of $88.1 million, or $3.13 per share, up from $59.4 million, or $2.13 per share a year earlier.

Excluding items, the Mexican food chain earned $3.40 per share, topping the $3.01 per share expected by analysts surveyed by Refinitiv.

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