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After-Market Q2 Earnings Deluge: T, TXN, X, WYNN & CMG

AT&T T reported Q2 earnings moments after the closing bell today, topping estimates on both and top and bottom lines. Earnings of 79 cents per share beat the Zacks consensus by 5 cents, and sales of $39.84 billion narrowly edged out the $39.80 billion expected. Improved churn performance and 2.8 million wireless net adds helped bolster Q2 results. CEO Randall Stephenson mentioned that the Time Warner TWX merger remains on course to close by the end of 2017. For more on AT&T's Q2 results, click here.

Zacks Rank #3 (Hold)-rated Texas Instruments TXN saw a huge year-over-year improvement in earnings growth, easily beating expectations in the process. T.I. posted $1.03 per share, above the 95 cents anticipated, on quarterly revenues of $3.69 billion, breezing past the $3.56 billion in the Zacks consensus. Earnings growth of more than 35% and sales growth of 18% year over year spurred the big beat after the bell today. CEO Rich Templeton credited growth in the autos and industrials markets for the quarterly outperformance.

U.S. Steel X blew the doors off its earnings estimate, reporting $1.07 per share compared to what was expected to be 40 cents and rebounding strongly from a bottom-line loss in Q2 2016. Sales of $3.14 billion topped the $2.98 billion in the Zacks consensus, up 15% year over year. U.S. Steel is seeing bullish demand in all its steel markets, which covers construction, oil & gas, autos, and more. The company is also no stranger to wildly volatile earnings reports, including a Q4 jump of 2600% on the bottom line.

Wynn Resorts WYNN benefited from a hotter Macau market on the way to its Q2 earnings and sales beat: $1.18 per share beat expectations by 9 cents, and $1.53 billion in revenues surpassed the $1.45 billion analysts were looking for. Growth in Macau was up 6.8% year over year to $682.7 million in the quarter. These stronger Macau numbers may have been priced in to the stock, which was up 17% over the past 3 months and +40% year to date, as the stock is down more than 2% in post-report late trading.

Finally, Chipotle CMG fought through another quarter rife with negative headlines to outperform expectations on the bottom line: $2.32 per share improved over the $2.16 estimate, which itself was a nearly 150% gain from a year ago. Revenues missed estimates slightly, reporting sales of $1.17 billion compared to the $1.18 billion estimate. Comps of 8.1% were lower than expected (Q2 2016 was a particularly rough quarter for Chipotle), as the company dealt with norovirus and rat issues in the recent past. For more on Chipotle's Q2 earnings, click here.

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Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
Time Warner Inc. (TWX): Free Stock Analysis Report
AT&T Inc. (T): Free Stock Analysis Report
Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report
United States Steel Corporation (X): Free Stock Analysis Report
Texas Instruments Incorporated (TXN): Free Stock Analysis Report
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