Friday, October 21, 2011

Chipotle beats...stock flies...

Chipotle Mexican Grill (CMG). The company reported better-than-expected quarterly profit as robust sales at established restaurants offset higher food costs. Third-quarter net income was $60.4 million, or $1.90 per share, up from $48.2 million, or $1.52 cents per share, a year earlier and revenue rose 24.1 percent to $591.9 million.

CMG is currently up 20 to 328.20

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