Market Overview

4 Stocks Moving In Thursday's After-Hours Session

Related CMG
3 Catalysts Drive JPMorgan's Downgrade Of Chipotle
Benzinga's Top Upgrades, Downgrades For January 17, 2017
The Vetr community has downgraded $CMG to 2.5-Stars (Vetr)
Related SBUX
Analyst Hungers For Papa John's, Would Bite At Wingstop On A Pullback
Channel Checks Indicate Starbucks Saw 4% Comps Growth In U.S. During Q1
Alphabet, Microsoft, Boeing, Starbucks Lead 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


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