Chipotle, Enphase Energy, Fortinet, And More Are Some Stocks Seeing The Highest After-market Movements

After Chipotle Mexican Grill’s earnings report came in below Wall Street forecasts for both revenue and profit, the stock price dropped by more than 4 per cent in after-hours trade. On $2.18 billion in sales, the burrito company said it made $8.29 per share in profit. Refinitiv’s poll of analysts predicted $2.23 billion in revenue and $8.90 in earnings per share.

Energy Enphase

Shares of Enphase Energy (NYSE: ENPH) rose by more than 8% after the solar company published quarterly results that beat analysts’ estimates for profits per share and revenue, as compiled by FactSet.

Lightweight Electronics

After Lumen Technologies announced its most recent results, the stock price fell by more than 14%. FactSet reports that the company provided weaker-than-anticipated projections for adjusted profits before interest, taxes, depreciation, and amortisation in 2023. The telecom giant’s sales and earnings per share beat Refinitiv’s average forecasts.

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Fortinet

After Fortinet reported better-than-expected earnings per share, the company’s stock rose by more than 14% in after-hours trading, as written by StreetAccount. The cybersecurity firm’s earnings per share of 44 cents were above analysts’ forecasts of 39 cents. The cybersecurity firm only missed revenue projections, reporting $1.28 billion instead of $1.3 billion.

Corporate V.F.

According to StreetAccount, shares of V.F. Corporation, which produces clothing, rose by more than 5% after the company reported quarterly earnings and revenue above expectations.

Yuanmao China Holdings

According to StreetAccount, shares dropped by less than 1% after the Shanghai-based fast food company announced a miss on its top and bottom lines in the most recent quarter. Even though analysts had predicted 15 cents per share in profit for Yum China, the company only earned 13 cents. It is $2.09 billion in earnings that fell short of the $2.26 billion expected. The dividend was increased by one cent as well.

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