Market Overview

4 Stocks Moving In Thursday's After-Hours Session

Related CMG
Chipotle's Menu Price Increases Will Likely Expand In Coming Months
Bill Ackman Is Killin' It In Chipotle
Earnings Shift To Tech, Industrial, Oil Giants: Investing Action Plan (Investor's Business Daily)
Related SBUX
Strong Quarterly Results, Tax Reform Talk Provides Lift Ahead Of French Vote
8 Biggest Price Target Changes For Thursday
Earnings Shift To Tech, Industrial, Oil Giants: Investing Action Plan (Investor's Business Daily)

U.S. stock indexes closed down on Thursday trading, driven by disappointing earnings and declining oil prices, and putting an end to a streak of all-time closing highs.

After the market closed, shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) lost about 0.5 percent as second quarter EPS of $0.87 and revenue of $998.4 million fell short of consensus expectations by $0.06 and $51.6 million, respectively. Also weighing on the stock was a 23.6 percent decline in comparable restaurant sales, and a 19 percent tumble in transactions. Promotional activity also hit margins. The company’s restaurant-level operating margin slipped to 15.5 percent, down from 28 percent in the same quarter last year.

Starbucks Corporation (NASDAQ: SBUX) tumbled 3.5 percent after delivering third quarter EPS of $0.49, in line with the Street’s consensus, on revenue of $5.2 billion, about $130 million below expectations. A 4 percent rise in comps was also smaller than the expected 5 to 6 percent.

Visa Inc (NYSE: V) lost 0.34 percent before recovering to go in the green. While third quarter EPS of $0.69 beat the Street’s consensus by $0.03, revenue of $3.63 billion missed it by $20 million.

Pandora Media Inc (NYSE: P) fell 6.7 percent on a second quarter revenue miss. While EPS of $(0.12) were $0.04 better than expected, revenue of $343.02 million fell $8.58 million short of estimates. Also weighing on the stock was a 1.6 percent year-over-year decline in active listeners, to 78.1 million.

Posted-In: Earnings News After-Hours Center Movers


Related Articles (CMG + P)

View Comments and Join the Discussion!