After Hours Summary: LEVI -9.8% lower on earnings and review of Dockers brand; BIGC +0.6% names new CEO
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BIGC +0.6% (reaffirms guidance, also names new CEO and exec chair)
Companies trading higher in after hours in reaction to news: FNF +2.2% (acquires commercial ops of First Nationwide Title), LUV +2% (director acquires shares), CDXS +1.9% (increases cash reserves; appoints new execs, including a new CFO), CLW +1.9% (temporarily suspends ops at 2 faciltites due to Hurricane Helene), APO +1.7% (to provide €1 bln to acquire minority stake in Vonovia affiliate), PSN +1.3% (awarded position on $4 bln defense contract), PBF +1.3% (Control Empresarial bought 55000 shares), TPL +1% (acquires Permian oil & gas interests for $286 mln), RYAN +0.6% (completes acquisition of certain assets of Geo Underwriting Europe), LMT +0.6% (increases dividend, also announces $3 bln share repurchase authorization), UAL +0.3% (FAA concludes review of UAL after finding no major safety issues, according to Bloomberg), RLGT +0.2% (acquires operations of Focus Logistics), AMZN +0.1% (NLRB issues formal complaint), NFE +0.1% (announces ~$3 bln of debt and equity transactions), ERO +0.1% (provides update on Furnas Copper-Gold Project)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: LEVI -9.8% (also announces strategic review of its Dockers brand), NG -2.5%
Companies trading lower in after hours in reaction to news: RCUS -1.2% (announces collaboration with Volrustomig), KTB -1% (in sympathy with weak LEVI earnings), TM -0.3% (pushes back production of EVs in North America to 1H26 amid slowing sales, according to Nikkei), LASE -0.2% (to restate certain financials), ABG -0.1% (wins preliminary injunction against CDK Global)