RTTNews | Jul 21, 2021 07:11AM EDT

07:11 Wednesday, July 21, 2021 (RTTNews.com) - Shares of Chipotle Mexican Grill, Inc. (CMG) are up more than 5% in pre-market on Wednesday following upbeat second-quarter results reported Tuesday.

The company reported significant increase in net income to $187.97 million, or $6.60 per diluted share from $8.18 million or $0.29 per share in the same quarter a year ago.

Excluding items, earnings were $212.8 million $7.46 per share, that beat the average estimate of analysts polled by Thomson Reuters at $6.49 per share.

Revenue for the quarter increased 38.7% year-over-year to $1.892 billion. The consensus estimate was for $1.88 billion.

CMG closed Tuesday's trade at $1,574.35, up 1.5%. The stock is currently at $1,658.00.

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