After Hours Summary: LAC +72% on Reuters report that Trump administration is seeking equity stake; MU +2.8% higher on earnings; WOR -4.6%, AIR -1.1% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MU +2.8% (also partnering with TSM to manufacture HBM4 base logic die)
Companies trading higher in after hours in reaction to news: LAC +72% (Trump administration is seeking an equity stake of as much as 10%, according to Reuters), GIFI +3.4% ($7 mln task order from Defense Logistics Agency), ABVX +2% (presentation of abstract for Obefazimod), FTI +1.9% (awarded a "significant contract" for subsea production systems by Petrobras), WNC +1.9% (partnership with Global Tank), ALGN +1.6% (files ITC complaint), CYBN +1.4% (highlights neuropsychiatry platform), WFRD +1% (awarded an 8-year contract by SNGN Romgaz), ORCL +0.9% (Oracle and OpenAI bringing online flagship site of the $500 bln Stargate program, according to CNBC), BIIB +0.1% (FDA letter requests update to technical info in CMC module of sNDA), MSFT +0.1% (Oracle and OpenAI bringing online flagship site of the $500 bln Stargate program, according to CNBC)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: WOR -4.6%, AIR -1.1%, MLKN -0.7%
Companies trading lower in after hours in reaction to news: COHU -10% ($200 mln convertible notes offering), CTRE -3.5% (CFO to retire, names new CFO), INSG -0.5% (partnership with Telcloud), BYD -0.4% (reports cybersecurity incident), EVH -0.1% (EVH to sell Evolent Care Partners to PRVA for up to $113 mln; also reaffirms Q3 guidance), PRSU -0.1% (acquires Glacier Park subsidiary)