Wall Street Watch Friday: Chipotle Gives Investors Indigestion
Filed under: Microsoft, Market News
Chipotle Mexican Grill (CMG) is getting flattened like one of its flour tortillas.
The fast casual restaurant chain posted disappointing quarterly results after Thursday’s market close. Its outlook for 2013 is even less inspiring.
Revenue climbed 18% to $700.5 million in its latest quarter. Earnings climbed 20% to $2.27 a share. This is the kind of growth and net profit margin expansion that typically excites Mr. Market, but not when Wall Street was holding out for a profit of $2.30 a share…
Wall Street Watch Friday: Chipotle Gives Investors Indigestion originally appeared on DailyFinance.com on 2012-10-19T08:30:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/10/19/wall-street-watch-friday-chipotle-gives-investors-indigestion/