After Hours Summary: PI +10.7% higher on bullish guidance; PLXS -6.4% lower on guidance; CVGW -7% as it delays Q4 report, exploring sale of unit
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PI +10.7%, EOLS +5.5%, PRGS +3.6%, WAFD +0.8%
Companies trading higher in after hours in reaction to news: RCUS +7.1% (RCUS announces survival data from ARC-8, a Phase 1b study co-developed with GILD), NTRA +5.6% (verdict reached in patent case; no willful infringement, damages significantly less than what Ravgen was seeking), NRIX +2.1% (receives FDA Fast Track Designation for NX-5948), GPRO +1.3% (to acquire Forcite Helmet Systems), CMP +0.8% (names new CEO), CRSP +0.1% (FDA approves CASGEVY)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BGFV -7.7%, PLXS -6.4% (lowers DecQ guidance, citing inventory corrections and weaker demand in Healthcare/Lifesciences and Industrial markets; also announces new $50 mln share repurchase program), FULT -4.1%, IBKR -2.4%, PNFP -1.4%
Companies trading lower in after hours in reaction to news: CVGW -7% (delays Q4 report, expects revs below consensus; delays 10-K filing, board says certain matters merit "enhanced evaluation"; also exploring sale of its Fresh Cut Business to F&S Fresh Foods), ALEC -6.4% (stock offering), INTR -3% (stock offering by selling shareholders), GILD -1.7% (RCUS announces survival data from ARC-8, a Phase 1b study co-developed with GILD), DH -1.5% (CEO steps down, reaffirms Q4 guidance), SPWR -1.3% (adopts restructuring plan to reduce operating costs due to slower sales), KNTE -0.8% (to reduce workforce by 56%), MS -0.1% (Direct Lending Fund commences 5 mln share IPO), REPX -0.1% (reduces debt outstanding by $30 mln), PB -0.1% (authorizes new 5% share repurchase program)