10-17-13 5:40 PM EDT | Email Article
 

By Wallace Witkowski, MarketWatch

 

SAN FRANCISCO (MarketWatch) -- Google Inc. shares rallied in the extended session Thursday after the company beat Wall Street sales and earnings estimates for the third quarter.

 

Shares of Google surged 7.6% to $956 on heavy volume following the report.

 

The Mountain View, Calif.-based Internet search giant (GOOG) reported adjusted third-quarter earnings of $10.74 a share on adjusted revenue of $11.92 billion. Analysts surveyed by FactSet expected $10.36 a share on revenue of $11.69 billion.(Read a recap of Google's earnings call with analysts.)

 

Chipotle Mexican Grill Inc. (CMG) shares rose 7.7% to $473 on moderate volume after revenue exceeded analyst expectations and the burrito chain reported same-store sales growth of 6.2% and rising traffic from newer stores. Chipotle reported third-quarter earnings of $2.66 a share on revenue of $826.9 million. Analysts expected $2.78 a share on revenue of $820.3 million.

 

Advanced Micro Devices Inc. (AMD) shares fell 6.9% to $3.81 on heavy volume after the chip maker gave a disappointing outlook even though it topped third-quarter estimates.

 

Intuitive Surgical Inc. (ISRG) shares dropped 6.8% to $372.11 on moderate volume as the surgical robot maker reported third-quarter revenue that slipped below Wall Street expectations and said it faces pressure from soft hospital spending.

 

Align Technology Inc. (ALGN) shares jumped 15% to $52.88 on heavy volume after the maker of Invisalign braces reported third-quarter earnings of 42 cents a share on revenue of $164.5 million. Analysts expected 30 cents a share on revenue of $158.7 million.

 

Align Tech also forecast fourth-quarter earnings of 41 cents to 43 cents a share on revenue of $169.1 million to $173.1 million. Analysts estimate 36 cents a share on revenue of $164.3 million.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

10-17-13 1740ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/10/17 - UPDATE: Google, Chipotle shares jump after earnings
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: UPDATE: Google, Amazon, Zynga, Chipotle are stocks to watch  |  Next: UPDATE: Google, eBay fall, but H-P rallies