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● Third-quarter revenue fell to about $1.17 billion, missing analyst estimates.
● The company cut its profit outlook, citing higher freight costs.
● No fresh company announcement accompanied the surge.
● The company lifted its political ad-revenue outlook and completed planned job cuts.
● Chili's is the company's primary restaurant brand.
● The specific detail that unsettled investors was not confirmed.
● Third-quarter revenue reached EUR 37.21 billion, up from EUR 32.96 billion.
● A Trian-led group offered $7.35 per share in cash.
● The decline was far smaller than the scale of the bearish call.
● The gain stood apart from a broad market that was only modestly higher.
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