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 Universal Health Services Inc. shares dropped in the extended session Wednesday after the hospital operator's earnings fell short of Wall Street estimates. Universal Health Services shares fell 5.8% after hours, following a 1.3% rise to close at $122.04 in the regular session. The company reported first-quarter net income of $223.8 million, or $2.36 a share, compared with $206.1 million, or $2.12 a share, in the year-ago period. Adjusted earnings were $2.45 a share. Revenue rose to $2.69 billion from $2.61 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.59 a share on revenue of $2.98 billion.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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O'Reilly Automotive Inc. shares jumped more than 10% in after-hours trading Wednesday after the company announced an earnings beat, and stocks in other car-parts retailers also rose. O'Reilly reported first-quarter income of $305 million, or $3.61 a share, up from $265 million a year ago. First-quarter sales were $2.28 billion, up from $2.16 billion last year. Analysts on average expected earnings of $3.58 a share on sales of $2.28 billion. O'Reilly also increased its full-year profit projection to a range of $15.30 to $15.40 a share, from a previous forecast of $15.10 to $15.20. Advance Auto Parts Inc. gained more than 5% in after-hours trading following the report, and AutoZone added nearly 4%. O'Reilly stock has struggled in the past year, losing 13.8% as the S&P 500 index has gained 10.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Wall Street Journal
Shareholders at General Electric Co. GE -4.29% approved KPMG LLP on Wednesday as the company's auditor for another year, but only after a large level of opposition in the wake of GE's accounting issues and criticism from proxy-advisory firms. Only 64.9
Workers and shareholders call GE an 'embarr
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Shares of Chipotle Mexican Grill Inc. soared more than 10% late Wednesday after the fast-casual restaurant chain posted a first-quarter profit above Wall Street expectations, and said its same-store sales rose 2.2%. Chipotle said it had net income of $59.4 million, or $2.13 a share, in the quarter, up from $46.1 million, or $1.60 a share, in the year-earlier period. Sales rose 7% to $1.1 billion, thanks to new-restaurant openings and to a lesser extent to the increase in comparable-restaurant sales, the company said. Chipotle pinned the same-restaurant sales increase to an increase in its average check, including a 4.9% benefit from menu price increases that have been taken hold in almost all of its restaurants in the past year. Food costs were 32.4% of revenue, a decrease of 140 basis points as compared with the first quarter of 2017, the company said. The FactSet consensus was for EPS of $1.57 and sales of $1.1 billion. For 2018, the company is now expecting same-restaurant sales in the low single-digits, and plans 130 to 150 new store openings. Shares have fallen 28% in the last 12 months, while the S&P 500 has gained 11%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 The yield on the 10-year U.S. Treasury note sweeps further beyond the 3% handle on Wednesday, notching a level not seen since late December of 2013, as traders increasingly bet the Federal Reserve will have to raise interest rates more aggressively than the two or three more times Wall Street had anticipated in 2018.
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It's been nearly two years since United Airlines announced the launch of its Polaris long-haul international business class, with more luxurious seats, new airport lounges and revamped in-flight service. But most passengers have so far only gotten a piece of that experience.
Chicago-based United...
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Prescriptions for opioids dropped 12 percent in 2017, believed to be the biggest decline in nearly 25 years.
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Long Beach Press Telegram
JetBlue Airways Corp. will curtail flight operations at Long Beach Airport, and last year's decision by the city council to refuse international flights was a deciding factor. "The majority of the change in Long Beach is being driven by the rejection
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Align Technology Inc. shares rose 4% in after-hours trade Wednesday, after the maker of Invisalign braces topped forecasts for the first-quarter. The company said it had net income of $95.9 million, or $1.17 a share, in the quarter, up from $69.4 million, or 85 cents a share, in the year-earlier period. Revenue rose to $436.9 million from $310.3 million. The FactSet consensus was for EPS of 96 cents and revenue of $408 million. The company said it now expects second-quarter EPS of $1.02 to $1.06 and revenue of $460 million to $470 million. The FactSet consensus is for EPS of $10.3 and revenue of $452 million. Separately, the company said it intends to oppose and defend itself in a dispute with SmileDirectClub, which has accused it of breach of a noncompete provision. Shares have gained 107% in the last 12 months, while the S&P 500 has gained 11%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 (Reuters) - Boeing Co's profit surged past Wall Street estimates in the first quarter and booming demand for commercial jets pushed the world's biggest planemaker to raise forecasts for cash flow and earnings in what promises to be another record year.
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It isn't the 10-year Treasury yield topping 3% that's spooking the markets, says one market watcher. It might have more to do with the 2-year yield.
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Bloomberg
Twitter Inc. fell after warning that the pace of revenue growth will slow. While beating earnings estimates for the first quarter, the social media company said it would be difficult to produce growth rates in the second half of the year that top those
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Wall Street Journal
WASHINGTON—The Trump administration is likely to end public access to a web portal used by hundreds of thousands of consumers each year to file complaints against financial companies. The Consumer Financial Protection Bureau's acting director, Mick
Trump's bu
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Point72 Ventures started two years ago to look for opportunities in the world of financial startups
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