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Chipotle Mexican Grill Inc. Q3 Adjusted Earnings Beat Estimates

Chipotle Mexican Grill Inc. (CMG) released earnings for third quarter that dropped from last year.

The company's profit totaled $80.24 million, or $2.82 per share. This compares with $98.58 million, or $3.47 per share, in last year's third quarter.

Excluding items, Chipotle Mexican Grill Inc. reported adjusted earnings of $107.05 million or $3.76 per share for the period.

Analysts had expected the company to earn $3.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.1% to $1.60 billion from $1.40 billion last year.

Chipotle Mexican Grill Inc. earnings at a glance:

-Earnings (Q3): $107.05 Mln. vs. $108.30 Mln. last year.
-EPS (Q3): $3.76 vs. $3.82 last year.
-Analysts Estimate: $3.40
-Revenue (Q3): $1.60 Bln vs. $1.40 Bln last year.

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