Friday, March 29, 2024
Homemarket insiderAfter-hours buzz: CMG, PLAY, AMD & more

After-hours buzz: CMG, PLAY, AMD & more

Check out the companies making headlines after the bell Tuesday:

Shares of Chipotle Mexican Grill jumped in late trading after hedge fund Pershing Square disclosed a new stake in the company. According to a Tuesday filing, the fund now owns 9.9 percent of the company. In the filing, Pershing said it believes Chipotle "has a strong brand, differentiated offering, enormous growth opportunity, and visionary leadership."

Dave & Buster's Entertainment shares dropped in extended trading after it reported slower-than-expected sales growth. The company said comparable-store sales grew 1 percent. Analysts had expected same-store sales to grow by about 2 percent, according to a FactSet consensus estimate.

Dave & Buster's also reported earnings of 50 cents a share on revenue of $244.3 million. Wall Street had expected the company to report earnings of 44 cents a share on revenue of $243.1 million, according to a Thomson Reuters consensus estimate.

Shares of Advanced Micro Devices fell in after-hours trading after the company announced public offerings of $600 million of common stock and $450 million of convertible senior notes. The company said it intends to use the net proceeds to "repay its borrowings under its credit facility and/or to purchase its outstanding senior notes."

Biomarin shares briefly gained more than 1 percent in extended trading after the company announced an update to its treatment program for children with a rare form of batten disease, a fatal neurodegenerative disorder which currently has no approved treatments. The company said that the program's efficacy was maintained after 81 weeks, consistent with results it had seen after 48 weeks.

Shares of Casey's General Stores fell in after-hours trading following its disappointing fiscal first-quarter earnings. The company posted earnings of $1.70 per share on $1.97 billion in revenue. Analysts had expected earnings of $1.81 per share on revenue of about $1.99 billion, according to a Thomson Reuters consensus estimate.

SecureWorks shares climbed in extended trading after the company reported an adjusted quarterly loss of 7 cents a share on $103.9 million in revenue. Analysts expected the company to report a quarterly loss of 8 cents a share on $101.2 million in revenue, according to Thomson Reuters.

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