Why Chipotle's Earnings Beat Doesn't Matter

Chipotle Mexican Grill (NYSE: CMG) shares initially spiked after the company's second quarter earnings call, as the company reported $2.32 in earnings per share, beating analysts' expectations by $0.14.

But the bottom-line beat took attention away from the company struggling sales -- its top-line came in below expectations, and given the recent norovirus outbreak in Virginia, the sales disappointment is likely to continue in the coming quarters.

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Source: Fool.com