Stocks making the biggest moves after hours: MCD, STX, CSGP
Check out the companies making headlines in extended trading: Texas Instruments — The semiconductor company added 2%. Third-quarter results topped analysts’ estimates, as Texas Instruments reported earnings of $1.47 per share on revenue of $4.15 billion. Analysts sought earnings of $1.38 per share and revenue of $4.12 billion, per LSEG. Seagate Technology — The data storage company slipped 3.6%. Seagate’s guidance for $2.3 billion in revenue for the fiscal second quarter was about in line with the Street’s estimate for $2.29 billion, per LSEG. The company topped analysts’ estimates on the top and bottom lines in the first quarter, however. Manhattan Associates — The supply chain software company declined nearly 7%. Manhattan Associates forecast full-year revenue in the range of $1.039 billion to $1.041 billion, while analysts polled by FactSet were expecting $1.04 billion. Enphase Energy — The solar energy tech company tumbled 9% after missing Wall Street’s estimates on the top and bottom lines in the third quarter and issuing a light fourth-quarter revenue outlook. Enphase expects revenue in the current quarter in a range between $360 million and $400 million, while analysts polled by LSEG forecast $435.8 million. Canadian National — Shares of the freight railway company added nearly 2%. Canadian National’s third-quarter adjusted earnings of $1.72 per share in Canadian dollars matched analysts’ estimates, while revenue of CA$4.11 billion was below the CA$4.12 billion anticipated by analysts polled by LSEG. Starbucks — Shares of the coffee chain pulled back more than 3%. Preliminary quarterly results showed a decline in sales. Starbucks said it is also suspending its 2025 forecast. McDonald’s — The fast-food stock was 9% lower after the U.S. Centers for Disease Control and Prevention said an E. coli outbreak tied to the company’s Quarter Pounder burgers has resulted in the hospitalization of 10 people and one death. CoStar Group — Shares were off 5%. The real estate analytics company’s fourth-quarter outlook missed analysts’ estimates. CoStar forecasts earnings in the range of 21 cents to 23 cents per share, while analysts polled by LSEG were looking for 24 cents.
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