After Hours Summary: MU +8.1% and MLKN +8.8% sharply higher on earnings; BP +0.3% on CEO transition news; EPAC -7.8% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MLKN +8.8%, MU +8.1%, WS +0.2%
Companies trading higher in after hours in reaction to news: VFF +7.7% (appoints new Global Strategy Officer), HQI +5% (approves $20 mln share repurchase program), WDC +2.6% (in sympathy with MU earnings), IMRX +2.4% (on track to dose the first patient in its planned global Phase 3 registrational trial), IONQ +2.4% (expanded agreement with QuantumBasel), ITGR +2.1% (Activist investor Irenic urging Integer Holdings to explore a potential sale, according to WSJ), HTBK +2% (co and CVBF to merge in all stock transaction), STX +2% (in sympathy with MU earnings), QMCO +1.8% (approval to exchange term debt for convertible notes), COIN +1.5% (stock trading now available), MAA +1.2% (increases dividend), JOBY +1% (supports the U.S. Department of Transportation's Advanced Air Mobility National Strategy), ABVX +0.9% (acceptance of 22 abstracts evaluating obefazimod), HUM +0.8% (awarded a $7.3 bln Defense Health Agency contract option), DASH +0.6% (teams up with openAI), TRIN +0.4% (transition to monthly dividends), BP +0.3% (CEO to step down; names new CEO), CRM +0.2% (to acquire Qualified), SG +0.2% (co-Founder and Chief Brand Officer to retire), EFX +0.1% (secures 27 patents in second half of 2025), SEMR +0.1% (launches official app in ChatGPT)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: EPAC -7.8%
Companies trading lower in after hours in reaction to news: INSM -19.1% (clinical and business update; discontinues CRSsNP; acquires phase 2 ready asset INS1148), KLRS -18.2% (reports initial Phase 1a data for TH103), UNP -0.3% (to develop the Mainline Texas Industrial Park), FRT -0.1% (sale of two assets for $170 mln)