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
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(END) Dow Jones Newswires
10-17-13 1740ETCopyright (c) 2013 Dow Jones & Company, Inc.
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