Chipotle Posts Upbeat Earnings, Joins Cirrus Logic, Emerson Electric, Carlyle Group And Other Big Stocks Moving Higher On Wednesday

Benzinga ·  Feb 7 11:38

U.S. stocks traded higher, with the Dow Jones gaining around 150 points on Wednesday.

Shares ofChipotle Mexican Grill, Inc.(NYSE:CMG) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results, issued guidance and announced a share repurchase of up to $200 million.

Chipotle reported fourth-quarter revenue of $2.52 billion, which was up 15.4% year-over-year. The revenue total beat a Street consensus estimate of $2.49 billion, according to data from Benzinga Pro. The company reported earnings per share of $10.36, which beat a Street consensus estimate of $9.75.

Chipotle shares surged 7.7% to $2,678.26 on Wednesday.


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