— Chipotle Mexican Grill (NYSE: CMG) reported earnings of $2.86 per share in the fourth quarter of 2019, vs $2.75 per share expected.
— Total revenue rose 17.6% to $1.4 billion, in line with street projection, driven by a 13.4% increase in comparable restaurant sales and new restaurant openings.
— Digital sales grew 78.3% and accounted for 19.6% of sales.
— Opened 80 new restaurants in Q4.
— For 2020, company expects mid-single digit comparable restaurant sales growth. Chipotle also plans to open 150-165 new restaurants during this period.
— CMG shares gained 2.3% immediately following the announcement.
Thermo Fisher Scientific Inc. (NYSE: TMO) reported third quarter 2020 earnings results today. Revenue increased 36% year-over-year to $8.52 billion. GAAP earnings jumped 157% to $1.93 billion, or $4.84 per
Snap Inc. (NYSE: SNAP) reported third quarter 2020 earnings results today. Revenues increased 52% year-over-year to $679 million. Net loss amounted to $200 million, or $0.14 per share, compared to
Video streaming giant Netfllix Inc. (NASDAQ: NFLX) reported a 23% growth in third-quarter revenues as it continued to expand the subscriber base. Earnings increased but missed Wall Street’s prediction and