A warning from Chipotle put a damper on its earnings report. The Mexican fast-casual chain saw sales soar its latest quarter, with results topping estimates. But the company warned its sales growth may slow down next year. That sent shares down initially after hours. During regular trading the stock was almost two percent higher to $653.03.
NCR saw its shares tumble after its outlook disappointed investors. The company, which makes point of sales devices and ATMs cut its guidance for the year citing weakness in the retail industry and dear over customer security data. Shares were off 21 percent to $23.54.
Toy maker Hasbro said strong sales growth in its boy’s division, which includes Transformer toys helped its quarterly results. Earnings topped estimates while revenue was in line with consensus. Shares popped about five percent to $56.51.
VF Corp, the parent of North Face and other clothing brands reported results that missed slightly on the top and bottom lines. Despite that, the company raised its profit forecast for the year and hiked its quarterly dividend by 22 percent. Shares were up by 20 cents, closing at $63.96.
Sears has a new plan to raise cash. The struggling retailer said it will sell $625 million in debt to stock owners. This is the third time in about two months that CEO Eddie Lampert, whose interests will participate in the offering, has agreed to pump funds into the company. Shares surged 23 percent to $34.96.
Shares of Trinity went to other way after the company was found guilty of making false claims to the government. A jury found that the guardrail maker deliberately withheld information about cost-saving changes in its highway guardrail systems that made them more dangerous and defrauded the government out of $175 million. Shares fell 12 percent to $31.63.
And Russia has broadened its crackdown on McDonald’s. The fast food chain says that almost half of its locations in Russia are now under government investigation and a regulator has already closed nine restaurants in recent weeks. Ahead of that, shares rose 55 cents to $91.59.