Yahoo Finance is tracking McDonald’s, Alphabet, General Motors, Chipotle and AT&T in intraday trading on Tuesday.
McDonald’s (MCD) – The fast-food giant reported better-than-expected earnings ahead of the bell Tuesday, posting earnings per share of $1.70 on revenue of $6.05 billion. McDonald’s global and U.S. same-store sales also beat estimates, driven by demand for the chain’s “signature-crafted” sandwiches and its national promotion for cold beverages.
Alphabet (GOOGL) – The Internet giant topped Wall Street earnings expectations, but the stock is under pressure after reporting that its cost of revenue jumped 28% during the quarter. Google’s parent company Alphabet reported earnings per share of $5.01 on revenue of $26.01 billion. Analysts were expecting a profit of $4.49 and sales of $25.65 billion.
General Motors (GM) – The automaker beat profit expectations ahead of the bell but missed on revenue. GM CEO Mary Barra touted the company’s performance during the quarter, saying in a statement, “Disciplined and relentless focus on improving our business performance led to a strong quarter and very solid first half of the year. We will continue transforming GM to capitalize on growth opportunities and deliver even more value for our shareholders.”
Chipotle (CMG) – The Mexican fast-food chain is scheduled to report second-quarter earnings after the bell this afternoon. Analysts are looking for a profit of $2.18 on revenue of $1.19 billion. Chipotle’s still struggling to lure back lost customers following its E.coli and norovirus outbreaks in 2015. The company also suffered a setback in those efforts last week after more than 135 customers reported getting sick last week after eating at one of Chipotle’s restaurants in Sterling, Virginia.
AT&T (T) – Analysts expect the telecom giant to report a profit of 74 cents a share on revenue of $39.83 billion. Investors will be looking for more information on AT&T’s $85.4 billion merger with Time Warner following reports from Bloomberg that the US antitrust officials have started talking to the two companies about securing approval for the deal.
For more on Tuesday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.