After Hours Summary: BA +0.7% ticks higher despite S&P placing it on CreditWatch Negative; ALAB +5% higher after announcing new portfolio of fabric switches for AI workloads
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SAR +8.9%
Companies trading higher in after hours in reaction to news: ALAB +5% (announces new portfolio of fabric switches for AI workloads), ZETA +2.7% (to acquire LiveIntent for $250 mln; also reaffirms Q3 guidance), INSM +2% (provides analyses from Phase 3 ASPEN study of Brensocatib; expects US launch in mid-2025), LEU +1% (wins award from US DoE), BA +0.7% (S&P places Boeing on CreditWatch Negative on strike-related financial risk), STZ +0.5% (names new Chief Growth & Strategy Officer), PFE +0.3% (CEO to meet activist investor Starboard Value, according to FT.com), SQ +0.1% (Square launches Orders platform)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: DKL -7.2% ($150 mln common unit offering), IMNM -3.1% (stock offering by selling shareholder), CRNX -0.7% ($400 mln stock offering), OR -0.7% (provides Q3 production), SVM -0.4% (SGX Mine permit has been renewed for another 11 years), DAL -0.2% (waives fare-differences; caps fares for new bookings ahead of Hurricane Milton), DIS -0.2% (to begin closing parks in Florida in phases on Oct 9)