After Hours Summary: DLO +33.5% on earnings and naming MELI exec as co-CEO; CAVA +7.8% higher in first earnings report since IPO; LRN +7.6%, HRB +5.9% higher on earnings; MRCY -10.7% lower on earnings
- After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DLO +33.5% (also names MELI exec as co-CEO, also momentum from Bloomberg report before close that co is considering a sale), CAVA +7.8%, LRN +7.6% (also announces content partnership with Doggyland), HRB +5.9% (also increases dividend by 10%), HOLI +1.7%, ALC +1.7%
Companies trading higher in after hours in reaction to news: ANGO +5.4% (receives FDA breakthrough device designation for AngioVac System), JMIA +1.6% (files for 20,227,736 ADS offering), IONQ +0.9% (enters into strategic alliance to benchmark generative AI techniques on quantum hardware), SQM +0.9% (Azure determined SQM's July offer of A$2.31/sh did not warrant further engagement), GVA +0.4% (awarded $215 mln Ohio contract for tunnel project), PBR +0.3% (says news re agreement with Federal Union is unfounded)
- After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MRCY -10.7% (also names new CEO), JKHY -6.1%, A -2.5%
Companies trading lower in after hours in reaction to news: ARHS -7.6% (stock offering by selling shareholders), HLLY -6.6% (Holley Parent to sell 5.5 mln shares), HESM -3.8% (selling shareholder commences 10 mln share offering), ACHR -2.4% (stock offering by selling shareholders), AWR -2.3% (awarded $349 mln U.S. Defense Logistics Agency contract), NEXT -0.2% (stock offering by selling shareholders), RETA -0.1% (BIIB beats out SNY to clinch its $7.3 bln purchase of RETA according to Bloomberg), RTX -0.1% (awarded $322 mln U.S. Army contract)