Chipotle Q3 Earnings Miss Estimates as Profit Hits $339.9 Million

Chipotle Mexican Grill Inc. (CMG) reported third-quarter earnings of $339.9 million on Wednesday, falling short of Wall Street expectations. The Newport Beach, California-based company posted profit of 27 cents per share, below the average estimate of 29 cents per share from 13 analysts surveyed by Zacks Investment Research. Revenue for the period came in at $3.29 billion, matching Street forecasts.