A Chipotle restaurant in Miami, Florida.
Joe Raedle | Getty Images News | Getty Images
Find out which businesses are making headlines after hours.
Chipotle Mexican Grill – Shares fell more than 4% in extended trading after Chipotle Mexican Grill missed analysts’ expectations for higher and lower results. The burrito chain reported earnings of $8.29 per share on revenue of $2.18 billion. Analysts polled by Refinitiv had expected earnings of $8.90 per share on revenue of $2.23 billion.
Enphase Energy – The solar stock jumped more than 8% after Enphase Energy reported quarterly results that beat analysts’ expectations for earnings per share and revenue, according to FactSet.
Lumen Technologies – Shares fell more than 14% after Lumen Technologies released its latest results. The company offered 2023 guidance for adjusted earnings before interest, taxes, depreciation and amortization that was lower than analysts’ expectations, according to FactSet. The telecommunications company beat expectations for earnings and sales per share, according to consensus estimates from Refinitiv.
Fortinet – Shares jumped more than 14% in extended trading after Fortinet beat earnings-per-share expectations, according to StreetAccount. The cybersecurity company posted 44 cents per share, higher than the expected 39 cents per share. However, the cybersecurity company slightly missed revenue estimates, posting $1.28 billion, down from the $1.3 billion forecast.
VF Corporation – Shares soared more than 5% after clothing maker VF Corporation beat expectations on highs and lows in its latest quarter, according to StreetAccount.
Yum China Holdings – Shares fell just under 1% after the Shanghai-based fast food company reported poor results in its latest quarter, according to StreetAccount. Yum China reported earnings of 13 cents per share, below expectations of 15 cents per share. It recorded revenue of $2.09 billion, less than the $2.26 billion forecast. It also increased its dividend by one cent.