After Hours Summary: F +1.2% ticks higher after confirming $19.5 bln charge and plans to invest in higher return growth opportunities; RILY +34.3% surging on earnings; NAVN -6.4% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RILY +34.3%
Companies trading higher in after hours in reaction to news: ORGO +14.3% (completes Type-B meeting with FDA; plans BLA for ReNu), PYPL +1.3% (confirms applications to establish PayPal Bank), F +1.2% (confirms $19.5 bln charge in special items; no longer plans to produce select larger electric vehicles; investing in higher return growth opportunities; raises 2025 adj. EBIT guidance), AIV +1.2% (agreement to sell Chicago apartment portfolio), SNDL +1% (co and 1CM amend and restate arrangement), PLNT +0.6% ($350 mln accelerated share repurchase agreement with Citibank (C)), NOW +0.5% (completes acquisition of Moveworks), WM +0.4% (increases dividend; also new $3 bln share repurchase program), AG +0.1% (reports exploration success at Santa Elena), ARAY +0.1% (first phase of comprehensive strategic, operational, and organizational transformation plan)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NAVN -6.4%,
Companies trading lower in after hours in reaction to news: SVRE -33.1% (stock offering by selling shareholders), LWLG -12.7% (stock offering), KYTX -10.3% (stock offering), KOD -4.5% (stock offering), IMNM -1.5% (stock offering), OABI -1.5% (launches OmniUltra platform), ULCC -1.4% (names interim CEO), SMX -1.4% (stock offering by selling shareholders), BAH -1.2% (CFO to resign), OVID -0.4% (stock offering by selling shareholders), SEZL -0.3% (authorizes additional $100 mln to stock repurchase program), VSTM -0.2% (strategic transition plan), AZN -0.1% (ENHERTU plus pertuzumab approved in the US)