AMD Slides, Chipotle Falls, Match Group Climbs on Positive Earnings
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Show Notes
On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares fell after the company's sales forecast underwhelmed investors, a sign that it's not making the AI inroads anticipated. The company reported first-quarter sales will be roughly $9.8 billion, plus or minus $300 million, which was lower than some projections that topped $10 billion.
- Chipotle (CMG) shares fell after the company said it expects sales at established locations to be "about flat" this year, below Wall Street's expectations. The company is struggling to convey value to budget-conscious diners, particularly younger consumers, and has pledged operational and strategic changes to turn things around.
- Match Group (MTCH) shares climb after the dating service provider reported revenue for the fourth quarter that beat the average analyst estimate.
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