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Tuesday's After-Hours Movers: Twitter, Apple, Panera & Buffalo Wild Wings Swing Post-Earnings

Markets were mixed but little changed on Tuesday, as investors await the end of the FOMC two-day monetary policy meeting on Wednesday.

After the market closed, shares of Twitter Inc TWTR 1.07% fell more than 9 percent following the company’s Q2 results. While earnings of $0.13 per share came in $0.03 above Street consensus, revenue of $602 million fell short of expectations for $606.77 million. Also weighing on the stock was the disappointing guidance, which said it expects revenue of $590 million to $610 million, below the Street’s consensus of $678 million.

On the other hand, Apple Inc. AAPL 0.69% traded up more than 5 percent after Q3 EPS of $1.42 and revenue of $42.4 billion beat the Street’s consensus by $0.04 and $310 million, respectively. It should also be noted that, while the tech behemoth reported a decline in iPhone sales for the second consecutive quarter, the magnitude of said drop (15 percent) was smaller than many analysts envisioned.

Two other stocks that spiked after the earnings reports were Buffalo Wild Wings BWLD 1.32% and Panera Bread Co PNRA 4.32%, which surged 2.7 percent and 5 percent, respectively.

Even though the former posted second quarter revenue of $490.18 million, which fell $8.14 million short of expectations, EPS of $1.27, came in $0.01 above the Street’s consensus. Conversely, the latter delivered a double beat, with EPS of $1.78, $0.04 above consensus, and revenue of $698.9 million, $2.44 higher than expected.

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