McDonald's Higher on Earnings, Cava Declines, Live Nation Falls on 3Q Results
On this episode of Stock Movers: - Shares of McDonald’s (MCD) were higher after the fast food giant reported faster-than-expected US sales growth last quarter as diners prioritized cheap fast food and pulled back from more premium meals at fast-casual chains. US comparable-store sales, which reflect the results of established locations, increased 2.4% in the third quarter, with the company attributing the rise mostly to higher per-visit spending. Overall comparable sales, which adds in international markets, were in line with expectations, while adjusted earnings per share fell short of the average of estimates compiled by Bloomberg. - Cava (CAVA) is flat after declines earlier in the day. The restaurant cut its full-year sales growth targets after foot traffic stalled in the third quarter, citing financially squeezed consumers forgoing fast-casual restaurants. - Live Nation (LYV) Live Nation shares are down 5.1% on Wednesday after the concert promoter and ticker seller reported third-quarter results that missed expectations on key metrics, although analysts remain positive about its longer-term prospects.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- AMD (AMD) shares fall in premarket trading after the chipmaker failed to impress investors with its revenue forecast after an eye-popping rally sent expectations soaring. Fourth-quarter revenue will be roughly $9.6 billion, the company said in a statement Tuesday. Though analysts had estimated $9.2 billion on average, some projections ranged as high as $9.9 billion. Investors have bet heavily on AMD following blockbuster agreements with OpenAI and Oracle, which plan to use the company’s chips in their build-out of artificial intelligence computing. The hope is that AMD can finally crack Nvidia’s dominance in the AI processor market.- Shares of Pinterest (PINS) are down in premarket trading, after the search platform gave a weaker-than-expected revenue outlook. The San Francisco-based company expects revenue to be $1.31 billion to $1.34 billion for the fourth quarter, according to a statement published Tuesday. The midpoint of that range is below the average analyst estimate of $1.34 billion, according to data compiled by Bloomberg. Pinterest, which people use to find ideas for recipes, fashion and home decor, posted third-quarter sales of $1.05 billion, which was in-line with expectations. User growth in the US and Canada, the company’s most lucrative market, was up just 1 million users over the prior quarter.- Shares of McDonald’s Corp. (MCD) edged higher ahead of the US open, after the fast food giant reported faster-than-expected US sales growth last quarter as diners prioritized cheap fast food and pulled back from more premium meals at fast-casual chains. US comparable-store sales, which reflect the results of established locations, increased 2.4% in the third quarter, with the company attributing the rise mostly to higher per-visit spending. Overall comparable sales, which adds in international markets, were in line with expectations, while adjusted earnings per share fell short of the average of estimates compiled by Bloomberg.See omnystudio.com/listener for privacy information.
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AMD Falls; Super Micro Tumbles; Humana Dips
- AMD (AMD) shares fall in premarket trading after the chipmaker failed to impress investors with its revenue forecast after an eye-popping rally sent expectations soaring. Fourth-quarter revenue will be roughly $9.6 billion, the company said in a statement Tuesday. Though analysts had estimated $9.2 billion on average, some projections ranged as high as $9.9 billion. Investors have bet heavily on AMD following blockbuster agreements with OpenAI and Oracle, which plan to use the company’s chips in their build-out of artificial intelligence computing. The hope is that AMD can finally crack Nvidia’s dominance in the AI processor market.- Super Micro Computer (SMCI) shares tumbled in early trading after the server maker missed reduced estimates for first-quarter sales and profit and gave a disappointing earnings forecast for the current period, reinforcing concerns about its ability to capitalize on demand for AI equipment. Excluding some items, earnings in the period ending in December will be 46 cents to 54 cents a share, the company said Tuesday in a statement. Sales will be $10 billion to $11 billion. Analysts on average had projected profit of 62 cents on sales of $8.05 billion.Super Micro emerged as a favorite stock among artificial intelligence-obsessed investors last year because the servers it makes are used to run rapidly growing AI workloads.- Shares of Humana (HUM) dipped lower ahead of the US market open after posting third-quarter profit above Wall Street’s expectations, making it the latest health insurer to report a better job managing the increasing cost of health care. The results bode well for Humana’s strategy to grow profitability in its Medicare Advantage business, its largest unit, which provides a private version of the government health insurance program for seniors. The company has stated a goal of achieving profit margins of 3% in its individual plans.See omnystudio.com/listener for privacy information.
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Novo Up, Orsted Gains, M&S Dips
On this episode of Stock Movers:- Novo Nordisk pared its forecast for a fourth time this year on lagging sales of its blockbuster drugs Wegovy and Ozempic, underscoring the urgency facing its new CEO.- Orsted has confirmed its full-year profit guidance, seeking to reassure investors of its financial stability after a weak third quarter..- M&S expects profit in the second half to rebound to at least last year’s level as the British retailer tries to move on from a costly cyberattack.See omnystudio.com/listener for privacy information.
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Vestas Jumps, Siemens Healthineers Dips, Novo Nordisk Up
On this episode of Stock Movers:- Vestas Wind Systems jumped after the Danish wind developer said it is launching a new share buyback program of as much as €150 million ($172 million).- Siemens Healthineers expects the impact from tariffs to roughly double to €400 million ($460 million) in fiscal 2026, according to Chief Financial Officer Jochen Schmitz.- Novo Nordisk pared its forecast for a fourth time this year on lagging sales of its blockbuster drugs Wegovy and Ozempic, underscoring the urgency facing its new chief executive.See omnystudio.com/listener for privacy information.
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