After Hours Summary: IDT +2.4%, GEN +1.5% higher on earnings; JEF -1.7%, MTN -1.2% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance:IDT +2.4%, GEN +1.5%
Companies trading higher in after hours in reaction to news:SANG +43.2% (Agreed to be acquired by BRC Group for $4.925 cash plus 0.04767 BRC share per share.), SMMT +17.4% (Secured a $2 billion AstraZeneca strategic investment at an $18.36-per-share conversion price and entered a cancer-trial collaboration.), NVTS +13.6% (Selected by the U.S. Army to develop and validate next-generation 10 kV silicon carbide power semiconductors.), PCB +3.2% (Authorized repurchases of up to 700,000 common shares through September 2027.), AIR +3.0% (Agreed to acquire 65% of MRO Holdings at a $4 billion valuation, expecting first-full-year adjusted EPS accretion.), SOC +2.0% (Expects Platform Hondo restart in Q4 2026 and October oil nominations to average 38,000 gross bbl/d.), FMC +1.5% (Submitted rimisoxafen herbicide for Brazilian regulatory review, its second global filing after a July U.S. submission.), RILY +1.5% (BRC Group’s subsidiary agreed to acquire Sangoma in a cash-and-stock deal valued at about $204 million.), SIBN +1.3% (Received FDA 510(k) clearance for the iFuse Granite Onyx spinal fixation system.), NBIX +1.1% (Reappointed Eiry Roberts as chief medical officer effective immediately as Sanjay Keswani departs by mutual agreement.)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance:JEF -1.7%, MTN -1.2%
Companies trading lower in after hours in reaction to news:PEBO -1.9% (Received all regulatory approvals for its merger with Citizens National, with Peoples as the surviving company.), SRFM -1.7% (Names Jason Secore CFO effective Sept. 30, succeeding Oliver Reeves, who will remain an advisor.)