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Whirlpool and Chipotle Climb on Earnings; AMD and Intuitive Surgical Sink

Dan Berman
Hot Stock Minute
Whirlpool and Chipotle Climb on Earnings; AMD and Intuitive Surgical Sink

Whirlpool (WHR) has climbed nearly 4% in early trading after releasing quarterly earnings. The company missed estimates posting $2.37 a share excluding items. Expectations had been for $2.42. The appliance maker did however beat on revenue with $4.7 billion versus $4.67 billion. The story beyond the numbers here: Profits were up 75% from a year ago and Whirlpool is raising its full-year outlook, citing a rebound in sales worldwide. Shares of Whirlpool have underperformed the market in 2013 up 11%. But they're up about 75% since this time last year.

AMD (AMD) has been down more than 5% in early trading. The company actually beat estimates when it reported earnings after the bell. But it lost 9-cents a share when expectations were for a loss of 12-cents. Revenue was also better than expected at $1.16 billion. Like its larger competitor Intel, the company is suffering from a slump in PC sales. Nevertheless AMD is projecting revenue will rise 22% in the period now underway. Not counting the losses we're seeing this morning, shares of AMD are actually up 83% so far this year.

Chipotle (CMG) has been trading 5% higher on its quarterly report. Chipotle matched on earnings with $2.82 a share. But revenue was stronger than expected at $816.8 million. Perhaps of more importance was the improvement over last year when sales had yet to hit $700 million. The chain credits the increase to both an addition of locations and a boost in same-store sales. The move up puts Chipotle back in reach of $400-dollars a share where it was a year ago. The stock is also closing-in on its all-time high, set back in April of 2012.

Intuitive Surgical (ISRG) has been down 13% in the premarket. We highlighted this company earlier in the month when it warned of weak sales for its Da Vinci surgical robots. Now Intuitive also says it has gotten a warning letter from the FDA relating to inspection problems with the equipment. The news came as the company released earnings after yesterday's closing bell. It posted $3.90 a share when consensus was for $4.04. Revenue was also well under $600 million when it was supposed to be substantially above that. Even prior to this morning's losses shares were down 17% in the past month.