After-Market Q2 Earnings Deluge: T, TXN, X, WYNN & CMG

AT&T (NYSE:T) reported Q2 earnings moments after the closing bell today, topping estimates on both and top and bottom lines. Earnings of 79 cents per share beat the Zacks consensus by 5 cents, and sales of $39.84 billion narrowly edged out the $39.80 billion expected. Improved churn performance and 2.8 million wireless net adds helped bolster Q2 results. CEO Randall Stephenson mentioned that the Time Warner (NYSE:TWX) merger remains on course to close by the end of 2017. For more on AT&T's Q2 results, click here.

Zacks Rank #3 (Hold)-rated Texas Instruments (NYSE:T) saw a huge year-over-year improvement in earnings growth, easily beating expectations in the process. T.I. posted $1.03 per share, above the 95 cents anticipated, on quarterly revenues of $3.69 billion, breezing past the $3.56 billion in the Zacks consensus. Earnings growth of more than 35% and sales growth of 18% year over year spurred the big beat after the bell today. CEO Rich Templeton credited growth in the autos and industrials markets for the quarterly outperformance.

U.S. Steel (NYSE:X) blew the doors off its earnings estimate, reporting $1.07 per share compared to what was expected to be 40 cents and rebounding strongly from a bottom-line loss in Q2 2016. Sales of $3.14 billion topped the $2.98 billion in the Zacks consensus, up 15% year over year. U.S. Steel is seeing bullish demand in all its steel markets, which covers construction, oil & gas, autos, and more. The company is also no stranger to wildly volatile earnings reports, including a Q4 jump of 2600% on the bottom line.

Wynn Resorts (NASDAQ:WYNN) benefited from a hotter Macau market on the way to its Q2 earnings and sales beat: $1.18 per share beat expectations by 9 cents, and $1.53 billion in revenues surpassed the $1.45 billion analysts were looking for. Growth in Macau was up 6.8% year over year to $682.7 million in the quarter. These stronger Macau numbers may have been priced in to the stock, which was up 17% over the past 3 months and +40% year to date, as the stock is down more than 2% in post-report late trading.

Finally, Chipotle (NYSE:CMG) fought through another quarter rife with negative headlines to outperform expectations on the bottom line: $2.32 per share improved over the $2.16 estimate, which itself was a nearly 150% gain from a year ago. Revenues missed estimates slightly, reporting sales of $1.17 billion compared to the $1.18 billion estimate. Comps of 8.1% were lower than expected (Q2 2016 was a particularly rough quarter for Chipotle), as the company dealt with norovirus and rat issues in the recent past. For more on Chipotle's Q2 earnings, click here.

Wynn Resorts, Limited (WYNN): Free Stock Analysis Report

Time Warner Inc. (TWX): Free Stock Analysis Report

AT&T Inc. (T): Free Stock Analysis Report

Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report

United States Steel Corporation (X): Free Stock Analysis Report

Texas Instruments Incorporated (NASDAQ:TXN): Free Stock Analysis Report

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