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Chipotle Spiking After Hours On Earnings Beat

Rob WileApr 19, 2013, 01:18 IST

Chipotle shares are surging after the burrito bigs beat on earnings and revenue for the quarter ended March 31.

Earnings came in at $2.45, and revenue at $726.8 million.

Analysts were expecting $724.77 million in revenue and EPS of $2.14 a share, according to Yahoo.

The stock is up more than 7percent.

You may recall bond investing god Jeff Gundlach just told everyone to short the stock.

"Gourmet burrito is an oxymoron," he said.

March 2012 earnings came in at $1.97.

Shares were down about -2.3% during open trading hours today.

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