Stocks with the biggest fluctuations after hours: MCD, STX, CSGP
Check out the companies making headlines in extended trading: Texas Instruments – The semiconductor company added 2%. Third-quarter results beat analysts’ estimates, as Texas Instruments reported earnings of $1.47 per share on revenue of $4.15 billion. Analysts expect earnings of $1.38 per share and revenue of $4.12 billion per LSEG. Seagate Technology – Data storage company fell 3.6%. Seagate’s guidance for revenue of $2.3 billion for the fiscal second quarter was nearly identical to the Street’s estimate of $2.29 billion, according to LSEG. However, the company beat analysts’ estimates for profit in the first quarter. Manhattan Associates – Supply chain software company – dropped nearly 7%. Manhattan Associates forecast full-year revenue between $1.039 billion and $1.041 billion, while analysts polled by FactSet expected $1.04 billion. Enphase Energy – The solar technology company fell 9% after missing Wall Street estimates for third-quarter results and giving a soft fourth-quarter revenue outlook. Enphase expects revenue in the current quarter to be between $360 million and $400 million, while analysts polled by LSEG forecast $435.8 million. Canada Country – The freight rail company’s shares rose nearly 2%. Canadian National’s third-quarter adjusted earnings of $1.72 per share in Canadian dollars were in line with analyst estimates, while revenue of $4.11 billion CA was below the 4. CA$12 billion predicted by analysts led by LSEG. Starbucks – Shares of the coffee chain fell more than 3%. Preliminary quarterly results show a decline in sales. Starbucks said it is also pausing its 2025 forecast. McDonald’s – Fast-food inventory drops 9% after the U.S. Centers for Disease Control and Prevention said an E. coli outbreak was linked to the cake The company’s Quarter Pounder burger sent 10 people to the hospital and one person died. CoStar Group – Shares fell 5%. The real estate analytics company’s fourth-quarter outlook missed analysts’ estimates. CoStar forecast earnings between 21 cents and 23 cents per share, while analysts polled by LSEG were looking for 24 cents.
