Diamonds and Dogs
4/19/13International Business Machines Corp. (IBM)
IBM is dragging the entire Dow Jones down today, with shares trading down 8.27% at $190.02. The information technology company saw its shares fall after a rare miss on earnings. IBM announced revenue of $23.41 billion, or $3.00 per share. Analysts' were expecting the company to have revenue of $24.62 billion, which equated to $3.05 per share. The numbers were dragged down by a 17% decline in revenue in the company's technology unit. The decline in IBM held the Dow Jones from breaking out higher.The company lost $17.13 per share today, but managed to stay well above its 52-week low of $181.85.
Chipotle Mexican Grill Inc. (CMG)
Chipotle Mexican Grill is on fire today, up 11.61% at $366.47. The Mexican chain restaurant saw its shares spike after the company had great earnings. For the first quarter, Chipotle announced revenue increased 13% to $726.8 million, or $2.45 per shares. The actual earnings crushed analyst estimates of $724.7 million or $2.14 per share. The better than expect quarter caused analysts' to increase the company's price target to $376.38. Chipotle climbed an astonishing $38.11 per share today but is still well off of its 52-week high of $433.30.
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