4 Stocks on Our Radar: Microsoft Falls 1%, While Chipotle, SanDisk, and Capital One Charge Higher
Microsoft (NASDAQ:MSFT) is trading 1% lower in extended trading. After the closing bell, the tech giant reported first quarter results. Net income rose to $5.74 billion (68 cents per share) vs. $5.41 billion (62 cents per share) in the same quarter a year earlier. This marks a rise of 6.1% from the year earlier quarter. Earnings of 68 cents per share were inline with estimates. The company competes with Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG).
Investing Insights: Microsoft Earnings Cheat Sheet: Third Straight Quarter of Rising Profit.
Shares of Chipotle Mexican Grill (NYSE:CMG) are trading nearly 3% higher after the close. The company reported higher profit for the third quarter as revenue showed growth. Net income for the restaurant rose to $60.4 million ($1.90 per share) vs. $48.2 million ($1.52 per share) in the same quarter a year earlier. This marks a rise of 25.3% from the year earlier quarter. Competitors McDonald’s (NYSE:MCD) and Yum! Brands (NYSE:YUM) are also trading higher in late trading.
SanDisk Corporation (NASDAQ:SNDK) is popping 1.65% after announcing third quarter results. Earnings declined, but adjusted net income for the quarter came in ahead of estimates. Net income for the semiconductor company fell to $233.3 million (96 cents per share) vs. $322.1 million ($1.34 per share) a year earlier. This is a decline of 27.6% from the year earlier quarter.
Capital One Financial (NYSE:COF) is edging higher after reporting a boost in profit. Net income for Capital One Financial Corporation rose to $813 million ($1.77 per share) vs. $803 million ($1.76 per share) in the same quarter a year earlier. This marks a rise of 1.2% from the year earlier quarter. The credit card company competes with Visa (NYSE:V), Mastercard (NYSE:MA), and American Express (NYSE:AXP).
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