Here are the stocks making headlines on Wall Street on Thursday.
Meta Platformshighest level since early 2022 after the social media company reported strong second-quarter results and issued optimistic guidance. Meta Platforms reported earnings of $2.98 per share on $32 billion in revenue. That surpassed the $2.91 per share and revenue of $31.12 billion expected by Refinitiv. A rebound in advertising also lifted earnings.
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Chipotle Mexican Grill — Shares of the Mexican food chain dropped 8.6% after the company’s quarterly revenue fell short of expectations. Chipotle posted revenue of $2.51 billion, lower than the $2.53 billion expected, according to Refinitiv. Its earnings per share beat expectations, however.
Comcastsecond quarter. Comcast reported $1.13 in adjusted earnings per share on $20.51 billion of revenue. Analysts surveyed by Refinitiv were expecting 97 cents per share on $30.13 billion of revenue.
McDonald’ssecond quarter. The eatery chain reported $3.17 in adjusted earnings per share on $6.50 billion of revenue. Analysts surveyed by Refinitiv were expecting $2.79 in earnings per share on $6.27 billion of revenue.
Southwest Airlines posted a mixed quarterly earnings report. The airline reported $1.09 in adjusted earnings per share on $7.04 billion in revenue. Analysts had expected $1.10 in earnings per share and $6.98 billion in revenue, according to Refinitiv. Southwest said it expects unit revenue to drop as much as 7% during the current quarter.
— CNBC’s Alex Harring, Hakyung Kim, Samantha Subin and Yun Li contributed reporting.
Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.