After Hours Summary: FDX +8% up big on earnings and decision to separate its FedEx Freight unit; NKE +0.4% ticks higher on earnings; SCHL -11.4%, X -3.8% lower on earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AVO +8.8%, FDX +8% (also to pursue a full separation of FedEx Freight), BB +1.2%, NKE +0.4%
Companies trading higher in after hours in reaction to news: ITRI +5.6% (ITRI and XEL announce collaboration to manage energy resources in Colorado), CCI +5% (TPG in advanced talks to buy CCI, according to Bloomberg), ACRS +4.6% (files for 35,555,555 shares of common stock offering), VLTO +3.5% (increases dividend), AB +3.4% (enters into a master exchange agreement for 10 mln units), SVCO +3.4% (appeals court affirms lower court's dismissal of all claims against Silvaco brought by Aldini), RCEL +2.4% (FDA 510(k) clearance for Cohealyx), AIV +2.2% (closes on asset sales; also declares $0.60/sh special dividend), VCTR +1.9% (authorizes new $200 mln share repurchase program), SPRY +1.6% (Express Scripts has added neffy to its Commercial national formularies), FRST +1% (reauthorizes stock repurchase program for up to 740,600 shares), EOSE +0.7% (receives first loan advance from DoE for $68.3 mln), ET +0.6% (ET enters into a 20-year LNG sale and purchase agreement with CVX), ALE +0.6% (receives FERC approval for proposed transaction), DKS +0.6% (in sympathy with strong NKE earnings), TRMD +0.5% (files mixed shelf securities offering), IVR +0.3% (names new CFO), UAA +0.3% (in sympathy with strong NKE earnings), ASO +0.3% (in sympathy with strong NKE earnings), PARR +0.3% (issues 2025 CapEx guidance), CVX +0.2% (ET enters into a 20-year LNG sale and purchase agreement with CVX), KR +0.2% ($5 bln accelerated share repurchase program), GOOG +0.2% (releases AI model Gemini 2.0, according to TechCrunch), CNC +0.2% (Director bought 17000 shares), FE +0.1% (Pennsylvania unit receives approval for infrastructure improvement plans)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SCHL -11.4%, X -3.8%
Companies trading lower in after hours in reaction to news: OSUR -3.4% (acquires Sherlock Biosciences), RARE -2.2% (first patient has been dosed in the pivotal Phase 3 Aspire study), LNTH -1% (CMO departs), RTX -0.8% (awarded $401 mln U.S. Navy contract), ONON -0.7% (in sympathy with strong NKE earnings), TBLA -0.5% (requests withdrawal of its Form S-3), XEL -0.3% (ITRI and XEL announce collaboration to manage energy resources in Colorado), APTV -0.2% (files mixed shelf securities offering), AIR -0.1% (reaches resolutions with DOJ and SEC re previously announced potential violations of US Foreign Corrupt Practices Act)