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Chipotle, AT&T Post Q3 Earnings Misses, AMD Beats

Chipotle Mexican Grill CMG, while posting big earnings growth numbers year over year, missed the Zacks consensus estimates on both top and bottom lines in its fiscal Q3 2017. Earnings of $1.33 per share missed the $1.56 expected, whereas quarterly sales of $1.13 billion came in lower than the $1.33 billion estimate.

Same-store comps year over year only grew 1%, beneath the 1.2% anticipated, reportedly on losses due to last month's Hurricanes Harvey and Irma in Texas and Florida. The Zacks Rank #5 (Strong Sell) company is selling off more than 7% at this hour in late trading. For more info on Chipotle's Q3 earnings, click here.

The second-largest telecom provider in the U.S., AT&T T, posted a Q3 earnings miss after the closing bell today, missing the Zacks consensus estimate of 75 cents per share by a penny. Revenues were also lighter than expected, raking in $39.67 billion as opposed to the $40.27 billion we had expected. Shares are down just modestly in after-market trading.

Peeking beneath the headline numbers, AT&T reported it had its best wireless results ever. The company totaled 3 million net subscriber adds, while the telecom major experienced lower churn rates in the quarter, another positive development. For more info on AT&T's Q3 earnings, click here.

On the other hand, Silicon Valley's Advanced Micro Devices AMD easily outperformed expectations on both earnings and sales for its Q3 results: earnings of 10 cents per share topped the 8 cents in the Zacks consensus (as well as more than tripling the year-ago quarter's 3 cents per share), while $1.64 billion in revenues in the quarter beat the $1.51 billion expected, which was already a 15% improvement from the year-ago quarter. However, Q4 revenue guidance is expected to drop 15% quarter over quarter, and AMD shares are down 6% in late trading, as well.

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AT&T Inc. (T): Free Stock Analysis Report
 
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Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report
 
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