IBM, United Continental, Del Taco, and More: Here’s How These Companies Performed During Their Latest Quarters

Del Taco Restaurants Inc (NASDAQ:TACO) earned $0.13 per share on sales of $104.4 million for its third quarter, beating the bottom-line estimate by $0.01 and the top-line estimate by $2.79 million. Overall sales rose by 5.9% year-over-year, as system-wide comparable-restaurant sales jumped by 6.7%. Restaurant contribution margin came in at 20.9%, an improvement of 120 basis points from the same period of last year. Adjusted EBITDA rose by 11% year-over-year to $17 million. As for guidance, Del Taco expects its fiscal 2016 system-wide same-store sales growth to be at the high end of its previous 2.5%-to-4.5% range, while diluted EPS is expected to be in the range of $0.53-to-$0.56. Needless to say, Del Taco shareholders are pretty happy with the guidance and earnings beat, as its shares are over 8% in the green. 14 funds were long Del Taco Restaurants Inc (NASDAQ:TACO) at the end of the second quarter, down by six funds from the end of the first quarter.

Badger Meter, Inc. (NYSE:BMI) disappointed its shareholders with EPS of $0.30 on sales of $96.27 million for its third quarter, missing the consensus marks by $0.03 per share and $9.39 million, respectively. Sales fell by 3.1% year-over-year, reflecting a softening of order input early in the period, while gross margin improved to 40.1% from 36.3% due to lower costs and margin contributions from Badger Meter’s company-owned distribution network. Badger Meter also said that it anticipates a fourth quarter that will be consistent with previous years, which would result in a strong year for the company should that be the case. Shares of Badger Meter are 8.3% lower in extended-market trading. The number of funds in our system with holdings in Badger Meter, Inc. (NYSE:BMI) rose by three during the second quarter to ten at the end of June.

Wintrust Financial Corp (NASDAQ:WTFC) is in the spotlight after reporting third quarter EPS of $0.92, which was $0.02 better than estimates, and sales of $271.2 million, a number that was $7.09 million ahead of expectations. For the period, sales rose by 17.7% year-over-year. as total assets increased by 15% on an annualized basis to exceed $25 billion. Total loans, excluding covered loans and mortgage loans held-for-sale rose by 20% on an annualized basis to $19.1 billion. Tangible common book value came in at $37.06 per share, up from $32.83 per share a year earlier. 19 funds that we track were long Wintrust Financial Corp (NASDAQ:WTFC) at the end of June, up by seven quarter-over-quarter.

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