** Shares of doughnut chain Krispy Kreme DNUT.O rises as much as 11.1% to $4.09

** Co beats first-quarter revenue estimates on strong demand for its donuts

** Posts Q1 revenue of $367 million vs analysts' average estimate of $355.7 million - data compiled by LSEG

** Reports Q1 adjusted loss of 5 cents per share vs estimated loss of 1 cent

** Co expects annual revenue of $1.25 billion to $1.35 billion, below estimates of $1.45 billion

** Says it experienced strong consumer demand during holidays such as Valentine's Day and St. Patrick's Day

** Including session's moves, stock down 8.5% YTD