Post 10/21Q3 FY21' Earnings Analysis

AAL, LUV, BCS, BX, CMG, INTC, SAP, SNAP, $T, VLO

AAL - American Airlines - posted better-than-expected revenue numbers, although down (25%) from Q3 of 2019 - shares were up +1.3% at the ended of the day, with this being their smallest quarterly loss since the pandemic

BX - Blackstone - earnings nearly doubled YoY - reported an ATH of distributable earnings, success that’s largely driven by their focus on investing in high-growth areas of the economy

$T - AT&T - fell slightly after posting big subscriber gains -investors questioning the impact of promotions on the company’s future growth

CMG - Chipotle Mexican Grill - reported better-than-expected EPS and revenue numbers - including a sales jump of 22% citing higher menu prices as a reason for the offset of rising costs

SNAP - Snapchat - Snap fell (22%) after Q3 revenue missed estimates - thanks to its advertising business being disrupted by Apple privacy changes introduced earlier this year