Google surges after beating Street
Jon "DRJ" Najarian | email@example.com
Top, Bottom Lines Above Estimates
The search giant is up sharply after reporting second-quarter earnings of $10.12 per share, beating the consensus forecast of $10.10 EPS. Revenues cam in at $9.61 billion versus the $8.41 billion estimated by analysts. GOOG is up 2.97 percent, or $17.61, to $610.67 on my tradeMONSTER extended-hours platform.
Chipotle Mexican Grill Turns Cold
The high-flying restaurant chain is plummeting this morning after posting second-quarter sales of $691 million, short of the $704.8 billion that analysts were looking for. Earnings of $2.56 per share did beat the estimated $2.30 EPS, but the company said it was facing an overall slowdown.
CMG is down 18.04 percent, or $72.86, to $331.
SanDisk Jumps After Modest Results
The flash memory manufacturer is spiking higher after reporting adjusted earnings of $0.21 per share, above the consensus expectation of $0.19 EPS. The company said second-quarter revenues totaled $1.032 billion, surpassing the $1.02 billion expected by Wall Street analysts on average. SNDK is up 11.09 percent to $38.97.
Acacia Research Crushes Forecasts
Shares of Acacia Research are higher after reporting second-quarter earnings of $0.43 per share, blowing away the consensus expectation of $0.24 EPS. Revenues of $50.48 million easily trumped the $41.82 million estimate. ACTG was last up 2.87 percent to $40.89.