Chipotle Mexican Grill Inc.
The Denver-based restaurant chain’s third-quarter net income jumped 40 percent as sales grew 23 percent.
The company reported that it earned $48.2 million, or $1.52 per share, for the quarter. That’s up from $34.5 million, or $1.08 per share, in the same quarter last year.
Revenue rose to $476.9 million from $387.6 million, largely as a result of new restaurants. Chipotle opened 22 restaurants in the period, bringing its total count to 1,023.
Analysts polled by Thomson Reuters expected the company to earn $1.31 per share. Sales at restaurants open at least a year, a key measure of performance, rose 11.4 percent.
Janus Capital Group Inc.
The owner of the Janus, Intech and Perkins funds said third-quarter profit rose more than analysts estimated as the September stock-market rally boosted asset-management fees and the firm cut expenses. Net income quadrupled to $32.5 million, or 18 cents a share, from $8.2 million, or 5 cents a share, a year earlier, when legal settlements and severance payments reduced profit, the Denver-based company said Thursday in a statement. Results beat the 16-cent average estimate of 10 analysts surveyed by Bloomberg.
AT&T Inc.
The country’s largest telecommunications company sold a record number of iPhones in the latest quarter, continuing to siphon subscribers from other wireless carriers in a tightening industry. The earnings matched Wall Street expectations.
Net income rose to $12.3 billion, or $2.08 per share, for the three months ended Sept. 30. That compared with $3.2 billion, or 54 cents per share, a year earlier. Revenue climbed 3 percent to $31.58 billion.
Union Pacific Corp.
The nation’s largest railroad said Thursday that higher shipping volume, better prices and improved efficiency of its trains drove third-quarter earnings up 51 percent, exceeding analysts’ expectations.
The Omaha company earned $778 million, or $1.56 per share, in the June-to-September period, compared with $514 million, or $1.01 per share, a year ago. Revenue rose 20 percent to $4.41 billion.
McDonald’s
Frappes, smoothies and the dollar menu drew in the highest customer count in more than two decades to push the world’s largest burger chain’s net income up 10 percent in the third quarter. Results beat estimates. For the three months ending Sept. 30, McDonald’s earned $1.39 billion, or $1.29 per share, up from $1.26 billion, or $1.15 per share, last year. Revenue rose 4.3 percent to $6.3 billion.
UPS Inc.
The package-delivery service said Thursday the U.S. economy is stable but “unexciting,” showing more signs of life but not recovering fast enough.
United Parcel Service Inc. earned $991 million, or 99 cents per share, in the third quarter. On an adjusted basis, UPS earned 93 cents per share, 5 cents higher than Wall Street analysts expected. A year earlier, UPS earned $549 million, or 55 cents per share. Revenue rose 9 percent to $12.19 billion.
United Continental Holdings Inc.
United and Continental airlines both posted third-quarter profits during their last quarter as independent companies, reversing their losses from a year earlier as they benefited from rising traveler demand and higher fares.
United Airlines had a profit of $387 million, or $1.75 per share. A year earlier, it lost $57 million.
Continental Airlines turned a profit of $354 million, or $2.16 per share. A year earlier, it lost $18 million.
Southwest Airlines Co.
Southwest Airlines Co. is making money as more people travel on the nation’s largest discount airline.
Southwest said Thursday it earned $205 million in the July-through-September quarter, or 27 cents per share, compared with a loss of $16 million, or 2 cents per share, in last year’s third quarter. Revenue rose to $3.19 billion.
Caterpillar
Strong sales growth in developing countries pushed Caterpillar’s third-quarter earnings 96 percent higher, and the world’s largest maker of mining and construction equipment increased its outlook for this year.
Caterpillar said Thursday it earned $792 million net income, or $1.22 per share, in the third quarter. That’s well above the $404 million, or 64 cents per share, the Peoria, Ill., company reported last year. Revenue jumped 53 percent to $11.13 billion.
Caterpillar easily beat earnings expectations of $1.09 per share.
