After Hours Summary: MRVL +13.7%, IOT +11.4%, PTRN +10.7%, SWBI +10.3%, GWRE +4.7% higher on earnings; GAP -8.6%, COST -0.1% lower on earnings
After Hours Summary:
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MRVL +13.7%, ALNT +11.6%, IOT +11.4%, EVC +10.9%, PTRN +10.7% (also authorizes new $100 mln share repurchase program), SWBI +10.3%, DTI +10%, GWRE +4.7%, OMDA +4.7% (also announces GLP-1 Flex Care for employers), AVIR +3.7%, ERO +3.1%, OPRX +2.3% (also authorizes new $10 mln share repurchase program)
Companies trading higher in after hours in reaction to news: WSR +3.5% (WSR attracts takeover interest from private equity firms, according to Reuters), STRZ +2% (Allen Family Capital enters into agreement to acquire shares of STRZ), KYTX +1.3% (to present new data), MEI +0.9% (MEI sells its dataMate copper transceiver business to BELF.A BELF.B; also reports earnings), NKE +0.2% (to implement certain organizational changes)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OWLT -23.1%, PROF -13.4%, GRNT -10.1%, GAP -8.6% (also authorizes new $1 bln share repurchase program), MEOH -7.1%, RUM -4.8%, GDYN -3.8%, SOBO -0.2%, COO -0.1%, COST -0.1%
Companies trading lower in after hours in reaction to news: INGM -15.5% (announces launch of $200 mln stock offering by its principal stockholder and a concurrent stock repurchase), ALOY -8.7% (stock offering), DY -1.9% (files mixed securities shelf offering), NOMD -1% (files mixed securities shelf offering), LQDA -1% (files mixed securities shelf offering), OLN -0.9% (files mixed securities shelf offering), COHR -0.7% (launches Thermadite 800 Liquid Cold Plates for AI accelerator cooling), TNXP -0.7% (publication of clinical pharmacokinetic studies)