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The Zacks Analyst Blog Highlights: AT&T, Texas Instruments, U.S. Steel, Wynn Resorts and Chipotle

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For Immediate Release

Chicago, IL – July 26, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include AT&T (NYSE: T Free Report), Texas Instruments (NASDAQ: TXN Free Report), U.S. Steel (NYSE: X Free Report), Wynn Resorts (NASDAQ: WYNN Free Report) and Chipotle (NYSE: CMG Free Report).

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Here are highlights from Tuesday’s Analyst Blog:

After-Market Earnings Deluge: T, TXN, X, WYNN & CMG

AT&T (NYSE: T Free Report) reported Q2 earnings moments after the closing bell today, topping estimates on both and top and bottom lines. Earnings of 79 cents per share beat the Zacks consensus by 5 cents, and sales of $39.84 billion narrowly edged out the $39.80 billion expected. Improved churn performance and 2.8 million wireless net adds helped bolster Q2 results. CEO Randall Stephenson mentioned that the Time Warner merger remains on course to close by the end of 2017. For more on AT&T's Q2 results, click here.

Zacks Rank #3 (Hold)-rated Texas Instruments (NASDAQ: TXN Free Report ) saw a huge year-over-year improvement in earnings growth, easily beating expectations in the process. T.I. posted $1.03 per share, above the 95 cents anticipated, on quarterly revenues of $3.69 billion, breezing past the $3.56 billion in the Zacks consensus. Earnings growth of more than 35% and sales growth of 18% year over year spurred the big beat after the bell today. CEO Rich Templeton credited growth in the autos and industrials markets for the quarterly outperformance.

U.S. Steel (NYSE: X Free Report) blew the doors off its earnings estimate, reporting $1.07 per share compared to what was expected to be 40 cents and rebounding strongly from a bottom-line loss in Q2 2016. Sales of $3.14 billion topped the $2.98 billion in the Zacks consensus, up 15% year over year. U.S. Steel is seeing bullish demand in all its steel markets, which covers construction, oil & gas, autos, and more. The company is also no stranger to wildly volatile earnings reports, including a Q4 jump of 2600% on the bottom line.

Wynn Resorts (NASDAQ: WYNN Free Report) benefited from a hotter Macau market on the way to its Q2 earnings and sales beat: $1.18 per share beat expectations by 9 cents, and $1.53 billion in revenues surpassed the $1.45 billion analysts were looking for. Growth in Macau was up 6.8% year over year to $682.7 million in the quarter. These stronger Macau numbers may have been priced in to the stock, which was up 17% over the past 3 months and +40% year to date, as the stock is down more than 2% in post-report late trading.

Finally, Chipotle (NYSE: CMG Free Report) fought through another quarter rife with negative headlines to outperform expectations on the bottom line: $2.32 per share improved over the $2.16 estimate, which itself was a nearly 150% gain from a year ago. Revenues missed estimates slightly, reporting sales of $1.17 billion compared to the $1.18 billion estimate. Comps of 8.1% were lower than expected (Q2 2016 was a particularly rough quarter for Chipotle), as the company dealt with norovirus and rat issues in the recent past. For more on Chipotle's Q2 earnings, click here.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.



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