After Hours Summary: Oil lower, gold & silver higher on NYT report about US presenting Iran with proposal to bring war to an end; KBH -4.8%, WOR -2.6% lower on earnings; ARM +6.5% as it sees CPU business reaching $15 bln in revs in FY31
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BZAI +41.5%, BRZE +19% (also authorizes new $100 mln share repurchase program), MPTI +3.3%, MDT +0.2%
Companies trading higher in after hours in reaction to news: GRFS +11.1% (to evaluate a potential IPO of US Biopharma business), KDK +9% (unveils Leonidas Autonomous Ground Vehicle), STRS +8.7% (approves plan of complete liquidation and dissolution), ARM +6.5% (reaffirms Q4 guidance; sees ARM CPU business reaching $15 bln in revenue in FY31), PAAS +3% (revised PEA for the La Colorada Skarn Project), HOOD +1.7% (authorizes new $1.5 bln share repurchase program), XWIN +1.5% (board approves expansion into AI), SRPT +1.1% (to share data from siRNA Pipeline targeting FSHD1 and DM1), DNUT +0.9% (continues progress on turnaround plan to deleverage; JV partner WKS Restaurant Group increases stake in JV), BX +0.8% (announces intra-quarter realization update), META +0.8% (faces $375 mln civil penalty from New Mexico jury, according to Bloomberg), RIO +0.7% (partnership with Queensland govt and Commonwealth Govt), MSFT +0.6% (OpenAI realigns priorities ahead of its ‘Spud' AI model launch, according to The Information; DIS ends OpenAI arrangement, according to Hollywood Reporter), MELI +0.3% (to invest $11 bln in Brazil this year, according to Reuters), DIS +0.2% (ends OpenAI arrangement following Sora closure, according to The Hollywood Reporter), CLS +0.1% (Chair to retire; current CEO to also become Chair)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ABSI -14.6%, DPRO -11.7%, VELO -11.1%, KBH -4.8%, WOR -2.6%, NOAH -1.4%, GME -0.1%
Companies trading lower in after hours in reaction to news: FPS -9.1% (stock offering by selling shareholders), DOCN -8.5% (commences $700 mln stock offering), DRS -1.4% (introduces THOR, delivers edge computing power to modern battlefield), JHG -1.4% (VCTR withdraws proposal to acquire JHG), CMP -1.2% (continues balance sheet deleveraging), BIOA -0.8% (files mixed securities shelf offering), LMT -0.2% (awarded a $478 mln Navy contract)