YUMC - Chipotle Posts Upbeat Earnings Joins Cirrus Logic Emerson Electric Carlyle Group And Other Big Stocks Moving Higher On Wednesday | Benzinga
U.S. stocks traded higher, with the Dow Jones gaining around 150 points on Wednesday.
Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter financial results, issued guidance and announced a share repurchase of up to $200 million.
Chipotle reported fourth-quarter revenue of $2.52 billion, which was up 15.4% year-over-year. The revenue total beat a Street consensus estimate of $2.49 billion, according to data from Benzinga Pro. The company reported earnings per share of $10.36, which beat a Street consensus estimate of $9.75.
Chipotle shares surged 7.7% to $2,678.26 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Aviat Networks, Inc. (NASDAQ: AVNW) rose 23.7% to $37.20 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.
- Enphase Energy, Inc. (NASDAQ: ENPH) climbed 17.7% to $118.36 after the company reported quarterly financial results.
- Sonos, Inc. (NASDAQ: SONO) rose 17.6% to $19.36 after the company reported better-than-expected quarterly financial results.
- XPO, Inc. (NYSE: XPO) rose 16.6% to $114.34 after the company reported ...