Stocks rally again | GM surges on earnings

Yum China (YUMC) beat estimates on quarterly earnings, but missed on revenue as comparable store sales fell by 1 percent compared to a year earlier. Yum China announced dividend and buyback increases.

Baidu (BIDU) issued a lower-than-expected sales forecast for the remainder of the year, with the China-based search engine operator citing uncertainty over the economy, trade issues, and tougher regulations.

Electronic Arts (EA) reported better-than-expected quarterly earnings and revenue. However, shares of the videogame maker were being pressured by weaker guidance for so-called net bookings, a metric of both physical and digital sales.

EBay (EBAY) beat estimates on quarter earnings and matched forecasts on revenue. The online marketplace operator saw a 5 percent increase in gross merchandise volume and a 7 percent revenue rise at its StubHub ticket selling unit.

T-Mobile US (TMUS) beat estimates on quarterly earnings and revenue. The mobile service provider’s results were driven by the addition of 774,000 postpaid phone customers during the quarter.

FireEye (FEYE) earned an adjusted 6 cents per share for its latest quarter, tripling estimates. The cybersecurity company also reported better-than-expected revenue as it signed up more subscribers.

Amgen (AMGN) reported quarterly earnings and revenue that beat estimates. The biotech giant also raised its full-year guidance. But Amgen sees lower-than-expected sales of some drugs due to price concessions.

MGM Resorts (MGM) exceeded forecasts on quarterly earnings and revenue. The casino operator saw better-than-expected revenue in Las Vegas, but its China revenue did not meet forecasts.

Cheesecake Factory (CAKE) beat estimates by four cents, reporting adjusted quarterly profit of 62 cents per share. The restaurant chain’s revenue came in below Street forecasts, however, as comparable restaurant sales increased by a lower than expected 1.5 percent.

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