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Stocks making the biggest moves after hours: CMG, TXN, NOW
Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — Chipotle missed first-quarter revenue estimates and said same-store sales declined for the first time since 2020, leading the stock to drop 2%. The burrito chain reported adjusted earnings per share of 29 cents, while analysts polled by LSEG forecast 28 cents per share. Revenue came out at $2.88 billion for the period, falling short of the consensus $2.95 billion estimate, per LSEG. Chipotle also lowered the top end of its outlook for full-year same-store sales growth. Texas Instruments — Shares of the semiconductor manufacturer popped 4.8% after market close. Texas Instruments reported first-quarter earnings of $1.28 per share on revenue of $4.07 billion, handily beating analysts’ expectations for earnings of $1.07 per share on revenue of $3.91 billion. Lam Research — Shares of the company, which supplies wafer fabrication equipment to semiconductor firms, jumped roughly 4% on the back of a strong fiscal third-quarter financial report. Lam Research posted adjusted earnings of $1.04 per share on revenue of $4.72 billion in revenue, while analysts polled by LSEG called for earnings of $1.01 per share on revenue of $4.65 billion in revenue. Knight-Swift Transportation — Shares of Knight-Swift Transportation declined 3% after the company’s management said uncertain trade policies and its implications have led it to provide a “wider range than normal” for next quarter’s earnings. The company now sees second-quarter earnings ranging from 30 cents to 38 cents per share, below LSEG consensus estimates for 42 cents per share. Knight-Swift Transportation also said it would not share guidance for the third quarter. ServiceNow — The workflow software company popped 9%. ServiceNow posted first-quarter adjusted earnings of $4.04 per share on revenue of $3.09 billion. The results surpassed analysts’ estimates of $3.83 per share in earnings and $3.08 billion in revenue, per LSEG. Southwest Airlines — Southwest Airlines shares dipped 3.7% after the airline on Wednesday said it will reduce its capacity in the second half of 2025, given further signs of weaker domestic bookings this year. Whirlpool — The manufacturer of household appliances jumped 4%. Whirlpool held steady with its full-year guidance , calling for ongoing earnings of $10 per share, while FactSet consensus estimates called for $9.35 per share. The company’s revenue outlook for the period also remained unchanged at $15.8 billion, surpassing the Street’s estimate of $15.62 billion. International Business Machines — Shares of IBM slid nearly 5% even after the company exceeded Wall Street’s earnings and revenue expectations. IBM reported first-quarter adjusted earnings of $1.60 per share on revenue of $14.54 billion, while analysts surveyed by LSEG forecast earnings of $1.40 per share on revenue of $14.40 billion. — CNBC’s Darla Mercado contributed to this report. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
