See which stocks are posting big moves after the bell on Monday.
, exceeding the earnings of 20 cents per share Wall Street expected, according to Refinitiv. Shake Shack matched revenue estimates at $157.8 million.
Same-store-sales increased by 2%, falling short of the 2.5% increase analysts had forecast. Shake Shack expects between 40 and 42 new domestic company-operated stores and between 20 and 25 new licensed stores to be opened in the 2020 fiscal year, the company detailed in its preliminary outlook.shares plummeted more than 30% after the company reported first-quarter earnings that missed expectations, lowered its full-year outlook and issued weak guidance for its second quarter.
"We had a challenging start to fiscal year 2020 as hereditary cancer revenue accrual from small payers was impacted by the deletion of the historical hereditary cancer CPT codes," said President and CEO Mark Capone. "Despite this setback, we expect earnings to be significantly higher in the second half of the fiscal year and believe that a number of important upsides will materialize during the fiscal year generating momentum as we transition into fiscal year 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street's leading stocks reveal investor cautionWall Street stocks have climbed to record highs as worries over U.S.-China trade...
Read more »
LAX's new system for Uber, Lyft and taxi pickups is plagued with long waitsOn Sunday night it took more than an hour for taxis to drive to the LAX rideshare pickup lot from a waiting zone that's about a five-minute walk away.
Read more »
Ahead of Uber earnings, these could be the most important levels to watchUber is gearing up for earnings after the bell today, its third release since going public. Investors should watch out for these levels after the report, says Miller Tabak's Matt Maley.
Read more »
Earnings Tide Lifts Most StocksEarnings are making their biggest splash in the stock market in years. Investors are sharply bidding up the shares of companies that beat expectations—and appear more willing to overlook some of the misses—helping to pull the stock market out of its recent lull.
Read more »
Uber Q3 earnings preview: Analyst commentary leading up to report - Business InsiderAfter Lyft's rosy results, Wall Street is expecting that Uber will show a similarly strong quarter as the competitive landscape cools down.
Read more »
L.A. suspends Uber for refusing to provide real-time data on its scooters and bikesJump, owned by Uber, has until Friday to appeal the decision or leave the city.
Read more »