Jack in the Box reported earnings of 96 cents per share for its fiscal third quarter, surpassing the FactSet estimate of 88 cents, which led to a stock increase of over 1%.
Similarly, Red Robin Gourmet Burgers posted second-quarter earnings of 12 cents per share on revenue of $277.6 million, exceeding analyst expectations of breaking even on revenue of $265.8 million, resulting in nearly a 2% rise in its shares.
In contrast, Coherent's stock fell nearly 3% despite its adjusted gross margin of 40.2% aligning closely with estimates, as its guidance for first-quarter earnings and revenue exceeded expectations. Cerebras Systems saw a significant drop of 14% after reporting second-quarter revenue of $180 million, which fell short of the $194 million consensus estimate.
StubHub's shares plummeted over 15% due to an adjusted gross margin of 82.2%, below the expected 84.3%, although the company reaffirmed its full-year adjusted EBITDA outlook. Cisco Systems also experienced a 3% decline, with its adjusted gross margin narrowly beating estimates at 66.3% compared to the consensus of 66%