Chipotle: Q4 Earnings Snapshot

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NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Chipotle Mexican Grill Inc. (CMG) on Tuesday reported fourth-quarter net income of $331.8 million.

The Newport Beach, California-based company said it had profit of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The Mexican food chain posted revenue of $2.85 billion in the period, which met Street forecasts.

For the year, the company reported profit of $1.53 billion, or $1.11 per share. Revenue was reported as $11.31 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMG at https://www.zacks.com/ap/CMG