Chipotle Mexican Grill (NYSE:CMG) , while posting big earnings growth numbers year over year, missed the Zacks consensus estimates on both top and bottom lines in its fiscal Q3 2017. Earnings of $1.33 per share missed the $1.56 expected, whereas quarterly sales of $1.13 billion came in lower than the $1.33 billion estimate.
Same-store comps year over year only grew 1%, beneath the 1.2% anticipated, reportedly on losses due to last month's Hurricanes Harvey and Irma in Texas and Florida. The Zacks Rank #5 (Strong Sell) company is selling off more than 7% at this hour in late trading. For more info on Chipotle's Q3 earnings, click here.
The second-largest telecom provider in the U.S., AT&T (NYSE:T) , posted a Q3 earnings miss after the closing bell today, missing the Zacks consensus estimate of 75 cents per share by a penny. Revenues were also lighter than expected, raking in $39.67 billion as opposed to the $40.27 billion we had expected. Shares are down just modestly in after-market trading.
Peeking beneath the headline numbers, AT&T reported it had its best wireless results ever. The company totaled 3 million net subscriber adds, while the telecom major experienced lower churn rates in the quarter, another positive development. For more info on AT&T's Q3 earnings, click here.
On the other hand, Silicon Valley's Advanced Micro Devices (NASDAQ:AMD) easily outperformed expectations on both earnings and sales for its Q3 results: earnings of 10 cents per share topped the 8 cents in the Zacks consensus (as well as more than tripling the year-ago quarter's 3 cents per share), while $1.64 billion in revenues in the quarter beat the $1.51 billion expected, which was already a 15% improvement from the year-ago quarter. However, Q4 revenue guidance is expected to drop 15% quarter over quarter, and AMD shares are down 6% in late trading, as well.
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