Three-Stock Lunch: Meta, McDonald’s and Southwest Airlines
Investing.com Strong advertising revenue gains by Internet firm Meta Platforms lifted U.S.
stocks on Thursday as investors digested the latest Federal Reserve policy meeting.
Meta Platforms (NASDAQ:META) stock surged 6.7% after the Facebook parent reported double-digit
revenue growth in the second quarter and CEO Mark Zuckerberg said the company's AI effort is "paying off."
Chipotle (NYSE:CMG) stock plunged 9% after missing quarterly sales projections due to a slowdown in months-long pricing hikes.
eBay stock slumped 8.5% after its third-quarter earnings prediction missed expectations, overshadowing better-than-expected second-quarter results.
Harley-Davidson (NYSE:HOG) stock jumped 5.7% after the legendary motorcycle maker blamed a parts shortage for a significant drop in second-quarter profit.
Southwest Airlines (NYSE:LUV) stock plummeted 9% after the company warned of greater labor costs for the year and lower quarterly pricing.
Comcast (NASDAQ:CMCSA) stock jumped 6.4% after beating quarterly revenue projections due to greater theme park attendance and strong theatrical releases
McDonald's (NYSE:MCD) stock jumped 2.1% after quarterly comparable sales topped estimates as cost-conscious diners sought cheaper options.
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