Take a look at the businesses making headlines after hours.
Chipotle Mexican Grill — Shares fell greater than 4% in prolonged buying and selling after Chipotle Mexican Grill missed analysts’ expectations on the highest and backside traces. The burrito chain reported earnings of $8.29 per share on income of $2.18 billion. Analysts polled by Refinitiv had been anticipating earnings of $8.90 per share on income of $2.23 billion.
Enphase Vitality — The photo voltaic inventory jumped greater than 8% after Enphase Vitality reported quarterly outcomes that topped analysts’ expectations for earnings per share and income, in line with FactSet.
Lumen Applied sciences — Shares plunged greater than 14% after Lumen Applied sciences reported its newest outcomes. The corporate provided 2023 steerage on adjusted earnings earlier than curiosity, taxes, depreciation, and amortization that was decrease than analysts’ anticipated, in line with FactSet The telecommunications firm topped per-share earnings and gross sales expectations, in line with consensus estimates from Refinitiv.
Fortinet — Shares surged greater than 14% in prolonged buying and selling after Fortinet surpassed earnings per share expectations, in line with StreetAccount. The cybersecurity firm posted 44 cents per share, better than the anticipated 39 cents per share. Nevertheless, the cybersecurity firm barely missed income estimates, posting $1.28 billion, decrease than the anticipated $1.3 billion.
V.F. Company — Shares climbed greater than 5% after attire maker V.F. Company beat forecasts on the highest and backside traces in its newest quarter, in line with StreetAccount.
Yum China Holdings — Shares dipped just below 1% after the fast-food firm based mostly in Shanghai reported a miss on the highest and backside traces in its most up-to-date quarter, in line with StreetAccount. Yum China reported earnings of 13 cents per share, decrease than expectations for 15 cents per share. It posted income of $2.09 billion, lower than the forecasted $2.26 billion. It additionally raised its dividend by one cent.