Stocks making the biggest moves after hours: ServiceNow, IBM, Chipotle Mexican Grill and more
Check out the companies making headlines after the bell : T-Mobile — Shares of the mobile telecommunications company jumped more than 4% after its second-quarter earnings topped Wall Street’s estimates. T-Mobile reported earnings $2.84 per share on $21.13 billion in revenue, above the $2.67 per share and $21.02 billion in revenue that analysts surveyed by LSEG had penciled in. Las Vegas Sands — The casino operator’s stock advanced nearly 5% on the heels of better-than-expected results for the second quarter. Las Vegas Sands reported adjusted earnings of 79 cents per share, beating out the consensus estimate of 53 cents per share, per LSEG. The company’s revenue of $3.18 billion also topped the $2.83 billion that analysts were expecting. International Business Machines — The tech stalwart slipped 5% after software revenue missed expectations in the second quarter. Software revenue came in at $7.39 billion, while StreetAccount consensus estimates called for $7.43 billion. Separately, second-quarter adjusted earnings and revenue surpassed expectations. Alphabet — Shares added 3% after Alphabet’s earnings and revenue for its second quarter exceeded analysts’ expectations. The tech giant reported earnings of $2.31 per share and revenue of $96.43 billion, while analysts had expected $2.18 per share and $94 billion in revenue, per LSEG. ServiceNow — The software company jumped 7%. ServiceNow lifted its full-year guidance for subscription revenue, calling for a range of $12.775 billion to $12.795 billion. That compares to its earlier outlook for $12.64 billion to $12.68 billion and the FactSet consensus call for $12.66 billion. ServiceNow also beat on the top and bottom lines in the second quarter. Chipotle Mexican Grill — Shares of the burrito chain dropped 9%. Chipotle cut its outlook for same-store sales growth for the full year. The company now sees growth being flat, compared to its earlier call for growth in a low single-digit range. Revenue for the second quarter missed the mark, landing at $3.06 billion, compared to the LSEG consensus estimate of $3.11 billion. Tesla — Shares of the electric vehicle manufacturer were up less than 1% in volatile trading. Tesla said its automotive revenue came in at $16.7 billion in the second quarter, down from $19.9 billion in the year-ago period. This marks the second straight quarter of falling auto revenue for Tesla. Top- and bottom-line results for the second quarter also missed analysts’ estimates. Viking Therapeutics — The biopharma stock slipped 6% after the company posted a second-quarter loss of 58 cents per share, while analysts polled by FactSet expected a loss of 45 cents per share. The company’s research and development expense of $60.2 million also exceeded the anticipated $45.1 million. Molina Healthcare — Shares fell 3% after the company posted second-quarter adjusted earnings of $5.48 per share, excluding items. Analysts polled by LSEG had estimated $5.79 per share. United Rentals — Shares popped about 2% after the rental equipment company posted second-quarter revenue of $3.94 billion, exceeding the $3.89 billion analysts polled by FactSet sought. United Rentals also said it expects full-year revenue to range between $15.8 billion and $16.1 billion, whereas prior guidance had called for a range of between $15.6 billion and $16.1 billion. — CNBC’s Sean Conlon, Alex Harring and Darla Mercado contributed reporting.
