Wednesday, October 26, 2016

After-hours buzz: AAPL, PNRA, P and more


AAPL Technical Analysis Chart 10/11/2016 by ChartGuys.com

Michael Nagle | Bloomberg | Getty Images

Pedestrians hold umbrellas while walking past a Snapchat sign displayed outside of the New York Stock Exchange in New York, Oct. 21, 2016.

Check out which companies are making headlines after the bell on Tuesday:

Shares of Apple fell more than 2 percent in choppy trade after a mixed earnings report. The company posted quarterly earnings per share of $1.67, or 1 cent above analyst estimates. The tech giant"s revenues of $46.9 billion fell mostly in line with analyst expectations of $46.94 billion. Its enormous cash pile grew to $237.6 billion in the fiscal fourth quarter, up $6.1 billion from the previous quarter.

With 45.5 million units, the company reported more iPhone sales than expected during the quarter. Apple was expected to report after the bell that it shipped 44.8 million iPhones. When asked about Samsung, CEO Tim Cook told CNBC "it"s hard to estimate" the opportunity of Samsung"s Note 7 dilemma "but we obviously welcome all switchers."

Panera"s stock climbed more than 5 percent after it reported earnings Tuesday. The fast casual restaurant chain posted quarterly adjusted earnings of $1.37 a share on revenues of $684 million, beating Wall Street expectations for both figures. The company noted it has seen weaker comparable net bakery-cafe sales in the first 27 days of the fourth quarter due to Hurricane Matthew. It also raised its guidance for full-year fiscal 2016, increasing its non-GAAP diluted EPS target to a range between $6.67 and $6.72 a share.

Shares of Pandora fell more than 5 percent after the company missed expectations on its quarterly results Tuesday. The streaming giant reported a quarterly loss of 7 cents per share, which is larger than the expected loss of 6 cents a share. It also fell short of top-line expectations, posting revenues of $352 million, compared to estimates of $366 million.

Chipotle"s stock dropped more than 2 percent after the bell Tuesday. The burrito chain reported earnings of 27 cents per share on revenue of $1.04 billion in revenue, falling short of revenue forecasts. Analysts anticipated the company would post $1.09 billion in revenue, according to Thomson Reuters estimates.

Juniper Networks saw its stock spike more than 7 percent after reporting earnings. The technology company posted quarterly adjusted earnings of 58 cents a share on revenues of $1.29 billion, beating expectations. It also raised its fourth-quarter outlook slightly above estimates.

Source: http://www.cnbc.com/2016/10/25/after-hours-buzz-aapl-pnra-p-and-more.html

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