— The restaurant chain's shares dropped about 5%, coming down from a 52-week high during Thursday's trading session. Texas Roadhouse's fourth-quarter earnings and revenue fell below expectations. The restaurant posted 89 cents earnings per share versus the $1.03 estimated by analysts polled by Refinitiv. Revenue came in at $1.01 billion, missing analysts' estimates of $1.02 billion. The company blamed commodity inflation and higher wages for the shortfall.
DraftKings posted a per-share loss of 53 cents and revenue of $855 million. Analysts polled by Refinitiv had anticipated a loss of 53 cents per share and $800 million in revenue.— The semiconductor company's stock added about 2% after Applied Materials posted its latest results. The company earned $2.03 per share, excluding items, in the first fiscal quarter, topping a consensus estimate of $1.93 per share, according to Refinitiv. Revenue was $6.
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