Chipotle Mexican Grill Inc. (CMG) on Thursday reported third-quarter net income of $ 204.4 million.
The Newport Beach, California-based company said it had a net income of $ 7.18 per share. Earnings, adjusted for non-recurring gains, came to $ 7.02 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $ 6.23 per share.
(source: Houston Chronicle)
Maybe someone expected a higher net income per share? I did not.