Earnings Avalanche: CMG, GPRO, YHOO, MSFT All Lower After Hours

Unleash the talking head spin...

Yahoo misses and cuts guidance...

• *YAHOO 2Q ADJ. EPS 16C, EST. 19C
• *YAHOO SEES 3Q ADJ. EBITDA $200M-$240M, EST. $279.7M
• *YAHOO SEES 3Q REV EX-TAC $1B-$1.04B, EST. $1.07B

Microsoft beat bottom, missed top line...

• *MICROSOFT 4Q ADJ. EPS 62C, EST. 58C
• *MICROSOFT 4Q UNEARNED REV. $25.32B, EST. $25.96B

Chipotle beat bottom line but missed comps and revenues...

• *CHIPOTLE 2Q COMP SALES UP 4.3%, EST. UP 5.8%
• *CHIPOTLE 2Q EPS $4.45 , EST. $4.43
• *CHIPOTLE 2Q REV. $1.2B, EST. $1.22B

GoPro beats but fails to raise guidance, reiterating prior margins

• *GOPRO 2Q REV. $419.9M, EST. $395.2M
• *GOPRO 2Q ADJ. EPS 35C, EST. 26C
• *GOPRO REPEATS L-T GROSS MARGIN, OPER MARGIN TARGETS IN SLIDES

And the result...