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The Zacks Analyst Blog Highlights: Apple, Twitter, Panera Bread and Buffalo Wild Wings

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For Immediate Release

Chicago, IL - July 27, 2016 - 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 Apple Inc. ( AAPL ), Twitter ( TWTR ), Panera Bread Co. ( PNRA ) and Buffalo Wild Wings ( BWLD ).

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Here are highlights from Tuesday's Analyst Blog:

Q2 Earnings Goes Tech & Fast-Casual: Apple, Twitter, Panera & Buffalo Wild Wings

Another hot and heavy session in Q2 earnings got underway following the close to regular trading Tuesday, with Apple Inc. ( AAPL ), Twitter ( TWTR ), Panera Bread Co. ( PNRA ) and Buffalo Wild Wings ( BWLD ) all reporting quarterly results. Overall things were looking pretty good in the late trading session; here's why:

Apple recorded an earnings beat in its fiscal Q3 numbers today: $1.42 per share versus expectations of $1.39, and revenues also topped the Zacks consensus of $41.8 billion in the quarter to post $42.4 billion. iPhone sales were better than expected (although the price per iPhone unit sold was actually a bit lower than anticipated), which looks like the main reason shares are up 5% in the after-market. Revenues from China were down, though Apple expects to see a turn-around in the second largest economy. CEO Tim Cook was pleased about how many new iPhone users switched from Android-based phones recently.

This is not one of those Apple blowout quarters of yesteryear, and there are still plenty of questions investors have for Cook and the rest of the board. Apple sits on loads of cash but has not made a significant purchase in several quarters (its just-announced Apple Music deal with the program "Carpool Karaoke" notwithstanding.

Twitter brought a mixed bag to its Q2 earnings report this afternoon, beating the Zacks consensus on the bottom line of -15 cents per share to -11 cents (accounting for stock-based compensation and other BNRI) but coming in light on revenues: $602 million compared with the $605.5 million expected. U.S. monthly active users (MAU) grew to 313 million in Q2 from 310 million in Q1, though Advertising Revenue was short of analyst expectations of $340 million by about $5 million. This has sent Twitter shares tumbling nearly 9% at this stage, which follows a 12% climb over the past month. For more on Twitter's Q2 earnings results, please click here.

Panera posted a 3-cent beat after Tuesday's close on revenues slightly above estimates, but pretty much in-line. Year over year earnings growth is roughly 10%, with yearly sales growth around 3%. This marks the company's fourth straight earnings beat, and guidance for fiscal 2016 was raised in the company's Q2 earnings report. Panera Bread Co. is up nearly 4% on the news after a weak regular trading day ahead of the report.

Buffalo Wild Wings also beat earnings expectations by a couple pennies, though on quarterly revenues slightly below expectations. Total revenues were up, but same-store sales figures were down from a year ago. Shares are up about 3% in late trading, and this follows a boost to BWLD stock after it was disclosed activist investment firm Marcato Capital had taken a bigger stake in the sports-themed restaurant chain. For more information on Buffalo Wild Wings' earnings, please click here.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

APPLE INC (AAPL): Free Stock Analysis Report

TWITTER INC (TWTR): Free Stock Analysis Report

FACEBOOK INC-A (FB): Free Stock Analysis Report

PANERA BREAD CO (PNRA): Free Stock Analysis Report

BUFFALO WLD WNG (BWLD): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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