After Hours Summary: KLG +54.3% surging on WSJ report that Ferrero nearing deal to acquire KLG; NRIX +10.7% higher on earnings; MEI -14.2%, AXTI -11.8% lower on earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NRIX +10.7%
Companies trading higher in after hours in reaction to news: KLG +54.3% (Ferrero nearing deal to acquire KLG for $3 bln, according to WSJ), PSNL +10% (expands collaboration with Tempus), AGCO +2.7% (authorizes new $1 bln share repurchase program), DLTR +1.2% (authorizes new $2.5 bln share repurchase program), COST +1% (June same store comps), KBR +0.3% (COO resigns), TNXP +0.2% (publication of Phase 3 RESILIENT Trial Results of TNX-102 SL), ORCL +0.1% (RMNI settles with ORCL), ULS +0.1% (expands software platform)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MEI -14.2%, AXTI -11.8%, PCYO -3.7%, AZZ -0.1%
Companies trading lower in after hours in reaction to news: MREO -36.1% (RARE and MREO announce UX143 Phase 3 portion of Orbit study progressing toward final analysis), RARE -27.6% (RARE and MREO announce UX143 Phase 3 portion of Orbit study progressing toward final analysis), ERJ -5.7% (Brazil stocks weak on 50% Trump tariff), ONL -5.1% (rejects unsolicited proposal from Kawa Capital), PLUG -3.4% (stock offering by selling shareholder), GGB -2.1% (Brazil stocks weak on 50% Trump tariff), BSBR -2% (Brazil stocks weak on 50% Trump tariff), EWZ -1.8% (Brazil stocks weak on 50% Trump tariff), RYTM -1.6% ($150 mln stock offering), ITUB -0.8% (Brazil stocks weak on 50% Trump tariff), FRT -0.2% (completes acquisition; advances capital allocation strategy)