The stock market experienced overall losses Monday, driven partially by a decline in the energy industry — oil prices are now down to around $40 a barrel. The S&P 500 fell 0.1%, while the Dow Jones Industrial Average dipped 0.2%.
Companies that were at the forefront of Monday’s earnings news include Amkor Technology, Inc. (NASDAQ:AMKR), Cognex Corporation (NASDAQ:CGNX) and Texas Roadhouse Inc (NASDAQ:TXRH).
Here’s what you need to know:
Amkor Technology, Inc. (AMKR)
It was a strong day for AMKR stock, despite quarterly results that failed to meet expectations.
The company posted earnings of 2 cents per share over its second quarter, falling short of the 8 cents a share that the consensus estimate called for.
Revenue was better though at $917.3 million, ahead of the $876.28 million that analysts had hoped for.
Also, things are looking up for the semiconductor manufacturer as third-quarter earnings will be in the range of 12 cents to 28 cents a share, compared to the 6 cents per share that is expected.
Amkor is slated to rake in $1.01 billion to $1.09 billion in sales, versus the $943.3 million in revenue that is estimated.
AMKR shares rose over 13% after hours Monday.
Cognex Corporation (CGNX)
Cognex shares were flying high on the corporation’s second-quarter earnings beat.
The company — which provides machine vision products to help automate certain tasks — released earnings of 49 cents a share, beating the 44 cents a share expected by Wall Street.
Revenue came in at $147.27 million, which topped Wall Street’s projection by nearly $10 million.
CEO Robert J. Willett commented on the matter, sharing that Cognex’s “three largest industries — consumer electronics, automotive and logistics” all outperformed expectations.
CGNX stock increased 15.2% after the bell.
Texas Roadhouse Inc (TXRH)
On the other side of the line was Texas Roadhouse, which saw its shares slip after hours.
The casual restaurant chain reported revenue of $508.8 million for its second quarter. Sales were slated to come in at $510.37 million for the period.
Earnings were a strong point for Texas Roadhouse, amounting to 47 cents a share. Analysts polled by Thomson Reuters had called for earnings of 45 cents a share.
CEO Kent Taylor said the company is on course to launch about 30 additional restaurants this year.
TXRH stock fell 10.5% Monday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
