Chipotle, Biogen, Snap & more

spike

Chipotle Mexican Grill is a chain of restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in Mission burritos and tacos.

Roberto Machado Noa | LightRocket | Getty Images

Check out the companies making headlines in midday trading. 

Chipotle — Shares of the Mexican restaurant chain rose nearly 10% following its strong quarterly earnings report. Chipotle saw digital sales grow 81% from an increased number of online orders as consumer avoid public spaces. Same-store sales rose 3.3% even as social-distancing measures roil the restaurant industry. Chipotle also posted better-than-expected profit. 

Snap — The social media stocked soared

Read More

Delta, AT&T, Biogen, Netflix, Snap & more

spike

Take a look at some of the biggest movers in the premarket:

Delta Air Lines (DAL) – Delta lost 51 cents per share for the first quarter, less than the 70 cents a share Wall Street had anticipated. Revenue was below forecasts, however, and fell 18% from a year ago. Delta said it expects to receive support from the CARES Act passed by lawmakers, and that the steps it has taken to conserve cash will cut its daily cash-burn rate in half.

AT&T (T) – AT&T reported quarterly earnings of 84 cents per share, a penny a share below estimates.

Read More