Stocks Plunge on Black Monday's 25-Year Anniversary
In other corporate news, Athenahealth ( ATHN) shares slumped 8.4% after the business services company reported third-quarter earnings and revenue that missed forecasts. Jefferies cut the stock to underperform from hold.
Chipotle Mexican Grill (CMG), the restaurant operator, reported Thursday below-consensus third-quarter results and said it sees flat to low single-digit same-store sales in 2013. Shares lost15%.
Chipmaker Advanced Micro Devices (AMD) reported a deep third-quarter loss on Thursday, said it plans to cut 15% of its work force, and forecast a sequential decrease in revenue of 9% or so for the fourth quarter. The stock gave back nearly 17%.
Oilfield services company Baker Hughes ( BHI ) reported below-consensus earnings and sales. Shares shed 5%.Shares of Honeywell (HON) gained 1.7% after the diversified technology and manufacturing company beat on the bottom line and missed on the top line.
2012 Stock Predictions and Outlook
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>To contact the writer of this article, click here: Andrea Tse. Follow @Commodity_Bull
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