Panera Bread (NASDAQ:PNRA) is trading up after hours as its Q3 easily beats estimates. Earnings leapt 27% on higher sales and better operating margins, with revenue and same-store sales growth all beating projections. The company also raises its FY11 EPS outlook for the year to $4.63 - $4.65 per share, and ups growth estimates to 4.5% - 5%. Shares +10% AH.