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Chipotle Stock Surges After Q2 Beat, Buybacks Offset Profit Drop
Chipotle shares surged 5.9% after hours as Q2 comparable sales rose 2.2%, beating estimates. Adjusted net income fell 7%, but stock buybacks kept EPS flat at $0.33.
Starbucks Q3 Beats Estimates, Shares Jump 5.6% After Hours
Starbucks shares surged 5.6% in after-hours trading after the coffee chain reported better-than-expected Q3 results, driven by higher customer traffic. Global same-store sales rose 7.9%, topping forecasts.
Arm Shares Slide on Rising Stock Compensation Despite Revenue Beat
Arm shares fell 7% in after-hours trading after reporting record revenue and a profit beat, but rising stock-based compensation widened the gap between GAAP and adjusted profitability.
Mortgage Rates Rise as Treasury Yields Surge Post-Fed Decision
US mortgage rates increased to 6.78% following the Fed's rate decision, as long-term Treasury yields advanced. The gap between mortgage rates and Treasuries narrowed, indicating pressure from bond markets rather than mortgage-specific issues.
Lam Research Shares Surge on Strong Outlook, Revenue Forecast Beats Estimates
Lam Research shares climbed in after-hours trading after the company projected $8.1 billion in September revenue, well above analyst expectations.
Amazon's AWS Margin Under Microscope as Stock Slides 7.4% Pre-Earnings
Amazon shares dropped 7.4% in five days ahead of Q2 earnings, as investors focus on AWS margin trends and rising AI-driven capital spending.
Meta Plunges 5% After Hours as Free Cash Flow Craters 91% on AI Spend
Meta shares dropped 5% in after-hours trading after reporting a 91% plunge in free cash flow to $780 million, as AI investments consumed 97.5% of operating cash flow.
Qualcomm Shares Slide 4.4% as Handset Weakness Offsets Automotive, IoT Gains
Qualcomm shares fell 4.4% as a 20% drop in handset revenue overshadowed growth in automotive and IoT segments. The company also announced a BMW partnership and the acquisition of AI firm Modular.
Robinhood Stock Dips as Event Contracts Outpace Crypto Revenue
Robinhood (HOOD) shares declined 3.3% after hours as event-contract revenue of $156 million surpassed cryptocurrency revenue of $100 million in Q2.
Microsoft Azure Growth Surprises to the Upside, Easing AI Spending Fears
Microsoft shares gained about 3% in extended trading after Azure revenue surged 43%, surpassing consensus estimates and alleviating market worries about the company's massive AI infrastructure spending.