Try the businesses making headlines in after-hours buying and selling: Chipotle Mexican Grill — Chipotle missed first-quarter income estimates and stated same-store gross sales declined for the primary time since 2020, main the inventory to drop 2%. The burrito chain reported adjusted earnings per share of 29 cents, whereas analysts polled by LSEG forecast 28 cents per share. Income got here out at $2.88 billion for the interval, falling wanting the consensus $2.95 billion estimate, per LSEG. Chipotle additionally lowered the highest finish of its outlook for full-year same-store gross sales progress. Texas Devices — Shares of the semiconductor producer popped 4.8% after market shut. Texas Devices reported first-quarter earnings of $1.28 per share on income of $4.07 billion, handily beating analysts’ expectations for earnings of $1.07 per share on income of $3.91 billion. Lam Analysis — Shares of the corporate, which provides wafer fabrication gear to semiconductor companies, jumped roughly 4% on the again of a powerful fiscal third-quarter monetary report. Lam Analysis posted adjusted earnings of $1.04 per share on income of $4.72 billion in income, whereas analysts polled by LSEG referred to as for earnings of $1.01 per share on income of $4.65 billion in income. Knight-Swift Transportation — Shares of Knight-Swift Transportation declined 3% after the corporate’s administration stated unsure commerce insurance policies and its implications have led it to offer a “wider vary than regular” for subsequent quarter’s earnings. The corporate now sees second-quarter earnings starting from 30 cents to 38 cents per share, beneath LSEG consensus estimates for 42 cents per share. Knight-Swift Transportation additionally stated it could not share steerage for the third quarter. ServiceNow — The workflow software program firm popped 9%. ServiceNow posted first-quarter adjusted earnings of $4.04 per share on income of $3.09 billion. The outcomes surpassed analysts’ estimates of $3.83 per share in earnings and $3.08 billion in income, per LSEG. Southwest Airways — Southwest Airways shares dipped 3.7% after the airline on Wednesday stated it’ll cut back its capability within the second half of 2025, given additional indicators of weaker home bookings this 12 months. Whirlpool — The producer of family home equipment jumped 4%. Whirlpool held regular with its full-year steerage , calling for ongoing earnings of $10 per share, whereas FactSet consensus estimates referred to as for $9.35 per share. The corporate’s income outlook for the interval additionally remained unchanged at $15.8 billion, surpassing the Avenue’s estimate of $15.62 billion. Worldwide Enterprise Machines — Shares of IBM slid almost 5% even after the corporate exceeded Wall Avenue’s earnings and income expectations. IBM reported first-quarter adjusted earnings of $1.60 per share on income of $14.54 billion, whereas analysts surveyed by LSEG forecast earnings of $1.40 per share on income of $14.40 billion. — CNBC’s Darla Mercado contributed to this report. Get Your Ticket to Professional LIVE Be a part of us on the New York Inventory Change! Unsure markets? Achieve an edge with CNBC Professional LIVE , an unique, inaugural occasion on the historic New York Inventory Change. In right now’s dynamic monetary panorama, entry to knowledgeable insights is paramount. As a CNBC Professional subscriber, we invite you to affix us for our first unique, in-person CNBC Professional LIVE occasion on the iconic NYSE on Thursday, June 12. Be a part of interactive Professional clinics led by our Professionals Carter Price, Dan Niles and Dan Ives, with a particular version of Professional Talks with Tom Lee. You will additionally get the chance to community with CNBC consultants, expertise and different Professional subscribers throughout an thrilling cocktail hour on the legendary buying and selling ground. Tickets are restricted!
