After Hours Summary: ORCL +9.4% adding significant gains following earnings; HPE -5.5% slides on convertible preferred stock offering; UAA -1.1% lower on update to FY25 restructuring plan
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AVO +15%, MTRX +10.5%, ORCL +9.4% (also announces strategic partnership with Amazon), CVGW +8.3% (also increases dividend), CDMO +4.2%
Companies trading higher in after hours in reaction to news: BOOT +7.5% (prelim Q2 comp growth), EVBN +6.2% (enters into merger agreement with NBT Bancorp), SPRY +4.4% (submits sNDA to FDA), VIR +2% (closes license agreement with Sanofi), NRDS +1.5% (authorizes $50 mln for repurchases), PTEN +1.2% (August drilling activity), KGS +1.1% (public offering by selling shareholder), WOLF +0.9% (unveils carbide module solution), ACHR +0.9% (CFO to take medical leave), VRDN +0.7% (to webcast Phase 3 THRIVE results), TERN +0.7% ($125 mln public offering), HOOD +0.4% (reports August operating data), RMBS +0.3% (releases AI workload accelerator), CSR +0.2% (amendment to stock offering, increases to $500 mln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RBRK -6.9%
ompanies trading lower in after hours in reaction to news: IONS -7.7% ($500 mln public offering), HPE -5.5% (commences $1.35 bln convertible preferred stock offering), VIK -2.7% (stock offering by selling shareholders), RLAY -2.7% ($200 mln stock offering), STEP -2.4% (files secondary stock offering), NBTB -2.3% (to merge with Evans Bancorp), TXT -2.1% (subsidiary is one of other companies awarded $5.4 bln U.S. Air Force contract), UAA -1.1% (update to FY25 restructuring plan; reiterates FY25 EPS guidance), HIMS -0.9% (files mixed shelf), GS -0.7% (says trading revs to drop 10% in Q3, according to Reuters), LUV -0.4% (labor deal with Flight Simulator Technicians union), BHF -0.3% (files mixed shelf), RNAC -0.1% (preliminary prospectus relating to common stock offering)