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A Slew of New Q2 Earnings Reports: SBUX, T, CMG, V & PYPL

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Lots and lots of companies are reporting quarterly earnings following the closing bell today: Starbucks (SBUX - Free Report) , AT&T (T - Free Report) , Chipotle (CMG - Free Report) , Visa (V - Free Report) , Paypal (PYPL - Free Report) have all hit the tape in the post market. Rather than waste time pontificating what these companies and their various industries may have in common (or not), let's simply look at the numbers.

Starbucks met earnings estimates of 49 cents in the company's fiscal Q3, but revenues fell to $5.24 billion from the $5.35 billion expected in the Zacks consensus estimate. Global year-over-year growth in same-store sales were up 4%, whereas expectations were for 5.7% growth. Starbucks performance in China improved to 7%. The Zacks ESP was correct at 0% surprise. SBUX shares fell 4.25% immediately on the news. Read more on Starbucks' Q3 earnings results here.

AT&T also met bottom-line projections of 72 cents per share, but missed on the top line: $40.52 billion in revenues missed our consensus of $40.66 billion. The telecom giant claimed 1.4 million new wireless net adds, and post-paid churn reached 0.97%. Though the stock is up more than 23% year-to-date, the after-market sell-off did not occur in a big way; shares fell just 0.2% upon the company's Q2 earnings report.

Chipotle is trading up in the after-market after missing estimates on both top and bottom lines. (You don't see that too often, do you?) Comp store sales were also worse than expected at -23.6% (-20% had been the consensus). Chipotle did open 58 new stores in the quarter, and its Chiptopia loyalty plan seems to have gained some traction, following the company's problematic e.coli issues earlier this year. Shares are up 2% on the earnings news, but are still down nearly 35% from this time a year ago.

Visa notched modest beats on both top and bottom lines, marking the credit-card giant's fifth straight positive earnings surprise. Visa also announced a new $5 billion share buyback, which has helped boost after-market trading a bit. The company also announced -- following a long, drawn-out process -- a partnership deal reached with Paypal, which also reported earnings after the bell. Paypal met EPS estimates of 30 cents while coming out on top of revenue estimates of $2.59 billion to $2.65 billion. More details of the partnership are expected in both companies' conference calls.