After Hours Summary: AVAV +3.5% higher after earnings; COO -15%, NAVN -14.9%, AEO -9.5% under pressure after earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AVAV +3.5%,
Companies trading higher in after hours in reaction to news: KNTK +5.2% (weighing alternatives, including possible sale, according to Bloomberg), GNLX +4% (publication of a case report from the ongoing Phase 1b dose escalation portion of its Phase 1b/2 OLVI-VEC-202-SCLC trial), AGX +1.5% (increases dividend), AWK +1.4% (gets New Jersey rate approval), ASND +1.2% (presents infant Phase 2 TransCon CNP data in achondroplasia at ESPE), BKD +0.9% (reports August occupancy), TORO +0.5% (proposes spin-off of LPG carrier business), ICFI +0.4% (named OpenAI select partner), LMT +0.3% (awarded $825.9 mln modification to Air Force contract; also awarded $257.3 mln modification to Navy contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: COO -15% (also completes strategic review; increase buyback by $1 bln), NAVN -14.9% (also acquires BoomPop), AEO -9.5%, LMNR -5%, WLTH -3.7%
Companies trading lower in after hours in reaction to news: HGTY -6.6% (launches secondary offering), LEU -3.8% (stock offering), ENB -2.6% (to buy Tallgrass crude transportation business for $2.55 bln cash; launches C$2.6 bln bought-deal common share offering), MPLT -1.6% (stock offering by selling shareholders), PSQL -1.3% (ordinary share offering, relates to warrants; also ordinary share offering by selling securityholders), ADBE -0.5% (OpenAI limits ChatGPT ads for certain competing AI products from Adobe and others, according to The Information), TEM -0.2% (wins up to $9.5 mln ARPA-H award for autonomous heart-failure AI agent), INTU -0.2% (files mixed securities shelf offering), EPRT -0.1% (several executive appointments)