Stocks Mixed on Earnings Caution; Apple Rebounds
Chipotle Mexican Grill (CMG) said Tuesday it expects fourth-quarter net income of $1.92 to $1.97 a share. The restaurant company forecast revenue would rise to almost $700 million, up 17% from a year earlier. Shares fell 5.5%.
Analysts were expecting quarterly profit of $2.09 a share on revenue of $690.7 million.
Wendy's(WEN) shares tacked on 3.7% after the quick-service hamburger company easily beat fourth-quarter expectations.
Genworth Financial (GNW) shares surged 8.9% after the company announced a U.S. mortgage insurance capital plan that could reduce Genworth Mortgage Insurance Co.'s risk-to-capital by 12 to 15 points and decrease the likelihood that the U.S. mortgage insurance subsidiaries will require additional capital for the foreseeable future.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse .