Earnings Reports

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Burger restaurant chain Shake Shack reported better than expected third quarter earnings after the close Monday. However $SHAK shares sold off over 16% on lower then expected same store sales, similar to McDonalds $MCD and Wendy's $WEN

Chevron reported mixed second quarter results Friday along with fellow oil major ExxonMobil.. $CVX net oil-equivalent production rose 9% to 3.08 million bpd as unconventional production in the Permian Basin rose more than 50% to 421,000 ppd.

Oil giant ExxonMobil reported better than expected third quarter earnings Friday before the market as Production in Permian soared 70% but revenue missed upstream and downstream on lower margins. 

Etsy reported third-quarter earnings after the market Wednesday that beat on revenue and matched estimates on earnings. However $ETSY lowered guidance and margins leading to analysts downgrading price targets sending the stock down over 15%.

The World Wrestling Entertainment shares have crashed 0ver 20% after third quarter earnings showed lower revenue and concerns over $WWE Mid East and India networks. United Kingdom BT Sport & Fox Sports in Latin America guidance is awaited also. WWE shares fell 5% immediately following the announcement.

Consumer electronics giant Apple reported better than expected fiscal fourth quarter earnings Wednesday. Revenue from iPhones fell to $33.4 billion from $37.2 billion but above expected $32.8 billion. Services grew 13% growth to $12.5 billion, above consensus $12.2 billion.

Shares of food delivery company GrubHub collapsed over 40% after reporting dismal earnings and lowered guidance before the market led analysts to agressively downgrade $GRUB. Competition from Uber, Doordash and Postmates is eating marketshare.

ConocoPhillips reported better than expected third quarter earnings before the market opened Tuesday on higher production. Houston based $COP is the largest U.S. based independent exploration and production firm based on production volumes. 

Retail monster Amazon.com reported lower than expected third quarter earnings Thursday, beating on revenue but missing on EPS. The growth in AWS sales fell from 40% in Q1 to 35%, slowest growth in five years. $AMZN fell $116 or 6% on the release

Electric vehicle and storage company Tesla reported a surprise profit for the third quarter after the close Wednesday sending $TSLA up over 20% on short coveringe. Tesla also said it was ahead of schedule with a new factory in Shanghai.

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