Chipotle (CMG)
After a rocky earnings report announcing that Chipotle missed the mark while lowering expectations for the year, Chipotle stock sank in after-hours trading. The fast food giant reported earnings of 29 cents per share and revenue of $2.88 billion falling short of the $2.94 billion analysts were looking for. The company’s stock dropped by 4% on futures opening before pulling back to a 2.3% loss in value.
International Business Machine (IBM)
IBM shares spiked before falling over 6.7% in extended trading Thursday, despite the fact that the tech giant posted better-than-expected Q1 results. The company reported adjusted earnings of $1.60 per share on $14.54 billion in revenue, topping Wall Street estimates of $1.40 and $14.40 billion.
News that DOGE price saving measures led to 15 contracts between IBM and the US government being cut drove stock cost down.
Texas Instruments (TXN)
Shares of Texas Instruments surged 4.7% in after-hours trading Tuesday after the chipmaker delivered a strong first-quarter beat that reassured investors. The company posted earnings of $1.28 per share on revenue of $4.07 billion, outpacing Wall Street forecasts of $1.07 per share and $3.91 billion,