Chipotle Mexican Grill Inc
Stocks making the biggest moves after hours: Chipotle, IBM, Ford, ServiceNow and more
Check out the companies making headlines in after-hours trading: Ford Motor — Ford shares tumbled 11% after the company’s second-quarter earnings came in much lower than Wall Street expected due to longtime warranty issues. The automaker posted adjusted earnings per share of 47 cents, significantly less than analysts’ forecast of 68 cents, per LSEG. Automotive revenue […]
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Chipotle shares pop more than 10% as earnings and revenue top estimates, restaurant traffic rises again
A Chipotle restaurant in New York on July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose more than 10% in extended trading. Here’s […]
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Spotify, Tesla among stocks with earnings this week that could see big moves
Second-quarter earnings season is in full swing, and several high-profile companies could see big moves in their stock prices this week once their results are public. CNBC Pro screened FactSet data to find the companies reporting this week that have the biggest expected post-earnings moves, up or down, as implied by pricing in the options […]
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Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers’ to-do lists. Customers didn’t necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the first step toward the nation’s […]
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McDonald’s to end AI drive-through test with IBM
McDonald’s is changing course on its artificial intelligence plans. The fast-food giant will end a test run of its AI drive-through technology partnership with IBM in more than 100 restaurants. The so-called Automated Order Taker will be shut off no later than July 26, according to a memo sent to franchisees late last week, obtained […]
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Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more
Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock’s 1-for-20 reverse stock split took effect. The company was trying to get its stock back above $1 a share after a steady slide over the past three years. Virgin Galactic paused spaceflight operations this […]
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Stock splits are back in fashion. Here’s why, and which companies could be next
Stock splits, long out of favor, are making a comeback. It started with Walmart, which announced a 3-for-1 stock split on Jan. 30, with the additional shares being distributed on Feb. 23. And from there, it picked up steam. On Thursday, Williams-Sonoma announced a 2-for-1 split, and on Wednesday, Broadcom announced a 10-for-1 split. Notable […]
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Stock splits are all the rage with Nvidia the latest — how to know which ones to buy or avoid
Stock splits have picked up in recent months. While stock splits don’t affect a company’s value, they can catalyze a move higher or lower, according to Wolfe Research. With this in mind, the firm provided a guideline to help investors gauge whether a stock split is a buying opportunity or a sign to steer clear. […]
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Are consumers pulling back on spending? It depends which CEO you ask
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent […]
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Walmart says more diners are buying its groceries as fast food gets pricey
Getty Images (L) | Reuters (R) Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the discounter’s sales growth […]
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