Chipotle, Riverbed: After-Hours Trading

NEW YORK ( TheStreet) -- Shares of Chipotle Mexican Grill ( CMG) were edging up in late trades Thursday after the restaurant operator topped Wall Street's expectations for its first-quarter results.

The Denver-based company reported a profit of $62.7 million, or $1.97 a share, on revenue of $640.6 million, up more than 25% from last year. The performance bested the average estimate of analysts polled by Thomson Reuters for earnings of $1.93 a share in the March-ended quarter on revenue of $630.9 million.

Same-restaurant sales surged 12.7% in the quarter, helped by increased traffic and higher menu prices. Restaurant-level operating margins increased by 220 basis points from last year to 27.4%, as the higher sales and lower promotional activity offset food cost increases.

The stock was last quoted at $433.99, up 0.8%, on volume of roughly 75,000, according to Nasdaq.com.

For fiscal 2012, Chipotle said it expects 155-165 new restaurant openings, comparable-restaurant sales growth in the mid-single digits on a percentage basis, food inflation in the mid-single digits, and an effective tax rate of 39%. P/> Check out TheStreet's quote page for Chipotle Mexican Grill for year-to-date share performance, analyst ratings, earnings estimates and much more.

Other stocks active in the extended session included Microsoft ( MSFT), rising 2.9% to $31.90 on volume of 3.7 million after the Dow component beat Wall Street's profit view for its fiscal third quarter by more than 5%; Riverbed Technology ( RVBD), whose shares were last quoted at $24.45, down 12.2%, on volume of nearly 1.4 million after the company fell short on the top line with non-GAAP revenue totaling $182.4 million, below Wall Street's consensus view of $186..1 million; Tempur-Pedic International ( TPX), whose stock fell more than 10% in late trades to $75 after the mattress maker forecast earnings of $3.80 to $3.95 a share for fiscal 2012, below the analysts' view for a profit of $3.96 a share; and Extreme Networks ( EXTR), whose stock sank 13% to $3.74 on volume of more than 400,000 after the company said it sees non-GAAP earnings of 4 cents a share for its fiscal third quarter ended April 1 with revenue ranging from $73 million to $73.5 million, below the current average estimate of analysts polled by Thomson Reuters for a profit of 7 cents a share on revenue of $82.4 million.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

More from Opinion

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

These 5 Tech Giants Still Aren't That Expensive

These 5 Tech Giants Still Aren't That Expensive

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Red Hat CFO Tells TheStreet: Tech Trends Are Still in Our Favor

Red Hat CFO Tells TheStreet: Tech Trends Are Still in Our Favor

Throwback Thursday: Intel Edition

Throwback Thursday: Intel Edition