News Formal

Wingstop’s stock pops 7% after earnings beat estimates by a wide margin

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

Wingstop Inc.’s stock WING, +2.35% rose 7% in premarket trade Wednesday, after the operator of chicken restaurants topped third-quarter earnings estimates by a wide margin. The Dallas-based company posted net income of $19.5 million, or 65 cents a share, up from $13.4 million, or 45 cents a share, in the year-earlier period.

Adjusted per-share earnings came to 69 cents, ahead of the 52 cent FactSet consensus. Revenue rose 26.4% to $117.1 million to also beat the $109.0 million FactSet consensus. The company raised its full-year guidance and now expects same-store sales growth of about 16%, up from prior guidance of 10% to 12%. It still expects to open 240 to 260 global net new units. The stock has gained 33% in the year to date, while the S&P 500 SPX, +0.65% has gained 9%.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Amgen’s stock jumps premarket after earnings beat and company again raises guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

S&P Global upgrades Ford’s rating and restores it to investment gradeCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »