2 Stocks Still Leading Markets After Earnings

CSX Corporation (NYSE:CSX): The company, which provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers, reported its second quarter results this afternoon, toppling analyst estimates. Net income for CSX rose to $506 million (46 cents per share) vs. $414 million (36 cents per share) in the same quarter a year earlier. This marks a rise of 22.2% from the year earlier quarter. Revenue was also up 13.4% to $3.02 billion from the year earlier quarter. The company beat the mean analyst estimate of 44 cents per share. Analysts were expecting revenue of $2.98 billion. CSX stock is up 1.41% in after hours trades.

“As our markets continue to expand, CSX is delivering outstanding results for shareholders,” said Michael J. Ward, chairman, president and chief executive officer. “At the same time, we are taking a number of actions to position the operations for greater customer demand, now and over the long-term.”

Competitors to Watch: Norfolk Southern Corp. (NYSE:NSC), Union Pacific Corporation (NYSE:UNP), Kansas City Southern (NYSE:KSU), Genesee & Wyoming Inc. (NYSE:GWR), Providence & Worcester Railroad Co. (NASDAQ:PWX), Burlington Northern Santa Fe, LLC (BNI), Canadian National Railway (NYSE:CNI), Canadian Pacific Railway Ltd. (NYSE:CP), and Pioneer Railcorp (PRRR).

Chipotle Mexican Grill (NYSE:CMG): The popular restaurant chain reported second quarter earnings this afternoon that fell short of expected targets. Net income for Chipotle rose to $50.7 million ($1.59 per share) vs. $46.5 million ($1.46 per share) in the same quarter a year earlier. This marks a rise of 9% from the year earlier quarter. Revenue jumped 22.4% to $571.6 million from the year earlier quarter. The company fell short of the mean analyst estimate of $1.68 per share. It beat the average revenue estimate of $558.3 million. CMG stock is down -3.66% in after hours trades.

“We are continuing to focus on our efforts to serve better tasting food, made with ingredients from more sustainable sources, and on building a people culture that delights our customers and allows us to develop the future leaders we will need to support our growth. In spite of some cost challenges during the quarter, we continue to believe that our relentless focus on these things, which really drive our business, will allow us to produce great results for our shareholders over the long term,” said Steve Ells, founder, chairman and co-CEO of Chipotle.

Competitors to Watch: McDonald’s Corporation (NYSE:MCD), Yum! Brands, Inc. (NYSE:YUM), Jack in the Box Inc. (NASDAQ:JACK), Panera Bread Company (NASDAQ:PNRA), Nathan’s Famous, Inc. (NASDAQ:NATH), Wendy’s Arby’s Group Inc. (NYSE:WEN), Starbucks Corporation (NASDAQ:SBUX), Sonic Corporation (NASDAQ:SONC) and Darden Restaurants (NYSE:DRI).