US Stock Market Move | Second quarter performance exceeding expectations, Wingstop (WING.US) surges over 22%
On Wednesday, Wingstop (WING.US) surged over 22%, closing at $356.14.
On Wednesday, Wingstop (WING.US) surged over 22% to $356.14. On the news front, the company's adjusted earnings per share for the second quarter were $1.00, higher than the $0.93 in the same period last year, with analysts surveyed by FactSet expecting $0.87. Total revenue was $174.3 million, up from $155.7 million in the same period last year, with analysts surveyed by FactSet expecting $173.7 million. Wingstop announced that its board raised the quarterly dividend from $0.27 per share to $0.30 per share, payable to shareholders of record as of August 15 on September 5.
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DCWT (03768) issues a profit warning, expecting a decrease in equity holders' profit to be between 1.25 billion yuan to 1.39 billion yuan in the first half of the year.

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