Apple sours the market; Chipotle bounces back; Tupperware loses grip
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Apple
Apple (AAPL) weighed down the S&P 500 (^GSPC). Shares of the iPhone maker are under pressure after its smartphone sales missed some analyst targets. iPhone sales jumped 35%, but analysts were looking for more. Apple did beat earnings estimates for Q3 by $0.04 with a profit of $1.85 a share. Revenue was also slightly above expectations. Apple also gave a disappointing outlook for its current quarter.
Tupperware
Tupperware (TUP) slipped on weaker than expected guidance. The container maker gave current quarter and full year earnings that were lower than Wall Street's estimates. Tupperware did beat earnings by 4 cents at $1.21 a share but revenue fell short of expectations. Sales were hit by the strong dollar, especially since nearly 67% of its sales in the second quarter came from emerging markets.
Chipotle
Chipotle (CMG) bounced back as investors digested its quarterly results. Shares initially sank after its same-restaurant sales cooled off from explosive gains in recent quarters at 4.3% in the second quarter, compared to 17.3%, in the same period a year ago. The Mexican restaurant chain beat the Street by a penny, earning $4.45 a share. Revenue was slightly below expectations, at $1.2 billion.