Market highlights: Here is why these fives stocks made headlines on Tuesday

9 February 2022 By

Chipotle is looking to expand its restaurant locations
Pfizer produces mixed Q4 results, and Harley-Davidson produces earnings surprise
Peloton announces new CEO, and BP announces shares repurchase program

Chipotle Mexican Grill wants to expand locations in North America

Chipotle Mexican Grill Inc. (NYSE: CMG) shares jumped 10% after hours after the announcing record Q4 2021 results. The restaurant chain is looking to expand its North American Footprint to more than 7,000 locations.

The company had adjusted earnings per share of $5.58 on revenue of $1.96 billion, a YoY increase of 22%. FactSet polled had called for earnings of $5.25 and revenue in line with what the company posted.

Pfizer announces mixed Q4 2021 results

Pfizer Inc. (NYSE: PFE) reported $1.08 per share earnings in Q4 2021, topping analysts' projections of $0.88 per share. The company reported revenue of $23.8 billion missing on estimates of $24.7 billion. The revenue growth in Q4 was driven by operational growth minus Commimaty and Paxlovoid contributions.

For the full year, Pfizer had adjusted earnings of $4,42 per diluted share on revenue of $81.3 billion, representing a YoY increase of 92%.

Peloton announces new CEO

Peloton Interactive Inc. (NASDAQ: PTON) jumped 20% after announcing Barry McCarthy as its new CEO effective February 9, 2022. This announcement masked bade news that included downbeat fiscal Q2 2022 results and a bearish outlook.

Other developments included news that giants like Nike and Amazon are interested in acquiring the exercise bike maker. Wedbush analyst Dan Ives expects Apple to take part in the bidding for Peloton. Ives holds that Peloton could sell now that former CEO Foley has been replaced.

BP announces $1.5 billion share repurchase program

BP Plc (NYSE: BP) jumped pre-market after posting solid Q4 2021 results and announcing a $1.5 billion share repurchase program. The company is committed to enhancing shareholder returns, and besides the share repurchase program, the company also declared a quarterly dividend of $0.0546 per share.

The oil giant indicted that its replacement cost profit was $4.07 billion, which is a considerable increase from $115 million a year ago. Underlying RC profit was $12.82 billion.

Harley-Davidson produces surprise Q4 revenue and earnings results

Harley-Davidson Inc. (NYSE: HOG) shares were up almost 15% at the motorcycle company announced an unanticipated profit for Q4. Net income was $21.6 million or $0.14 per share, and on an adjusted basis, the company earned $0.15 per share.

In Q4, the company had revenue of $1.016 billion relative or $725 million a year ago. FactSet polled analysts had predicted a loss per share of $0.32 on revenue of $669 billion.