After-Hours Trading Highlights: Key Earnings Reports
In the latest after-hours trading session, several major companies reported their quarterly earnings, demonstrating a mix of performances across different sectors. Below is a summary of key movements in the stock market following these announcements.
Chipotle Mexican Grill
Chipotle Mexican Grill experienced a decline of 2% in its stock price after reporting first-quarter revenue that fell short of projections. The company announced adjusted earnings of 29 cents per share, aligning slightly above the analysts’ average estimate of 28 cents. Revenue was reported at $2.88 billion, missing the consensus estimate of $2.95 billion. Additionally, Chipotle revised its forecast for full-year same-store sales growth, lowering the top end of its outlook.
Texas Instruments
Shares of Texas Instruments surged 4.8% after the semiconductor giant reported strong financial results for the first quarter. The company posted earnings of $1.28 per share on revenue amounting to $4.07 billion, significantly exceeding analysts’ expectations of $1.07 per share and $3.91 billion in revenue.
Lam Research
Lam Research also saw a positive response in after-hours trading, with a stock increase of approximately 4%. The company disclosed adjusted earnings of $1.04 per share on revenues of $4.72 billion, surpassing the projected figures of $1.01 per share and $4.65 billion respectively.
Knight-Swift Transportation
Conversely, Knight-Swift Transportation faced a decrease of 3% in its shares. The company cited the impact of uncertain trade policies, which contributed to a wider-than-normal earnings guidance for the upcoming quarter. For the second quarter, Knight-Swift anticipates earnings to be within the range of 30 to 38 cents per share, slightly below the consensus estimate of 42 cents.
ServiceNow
ServiceNow stocks saw a remarkable increase of 9%, buoyed by stronger-than-expected performance in its first-quarter results. The company achieved adjusted earnings of $4.04 per share alongside $3.09 billion in revenue, both exceeding analyst expectations.
Southwest Airlines
Southwest Airlines shares fell by 3.7% following the announcement that it would reduce passenger capacity in the latter half of 2025 due to anticipated declines in domestic bookings.
Whirlpool
Whirlpool Corporation’s stock rose 4% as the company maintained its full-year earnings guidance at $10 per share, significantly above analysts’ consensus of $9.35 per share. The company’s revenue outlook also remained stable at $15.8 billion, outperforming the expectation of $15.62 billion.
International Business Machines (IBM)
IBM’s shares experienced a drop of nearly 5% despite the company achieving better-than-expected earnings. IBM reported adjusted earnings of $1.60 per share and revenue of $14.54 billion, exceeding the forecasted earnings of $1.40 and revenue of $14.40 billion.
As these companies adjust to an evolving economic environment, trader reactions in after-hours sessions reflect a breadth of investor sentiment regarding corporate performance and future outlooks.
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