After Hours Summary: PRIM -32.4% as it lowers FY26 guidance and COO departs; BBY -3.2% CFO to step down; IBM +5% joins the OpenAI Daybreak Cyber Partner Program
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: None
Companies trading higher in after hours in reaction to news: CAR +6.5% (enters into settlement with Pentwater Capital), IBM +5% (joins the OpenAI Daybreak Cyber Partner Program), MGNX +3.1% (to receive a $24.5 mln milestone payment from Sanofi), MX +1.9% (launches two new MOSFETs), ARVN +1.9% (CMO to step down), TTMI +1.6% (opens new circuit board manufacturing facility), QURE +1.4% (commences $150 mln stock offering), ORC +0.5% (increases share repurchase program by 25 mln shares), FIX +0.3% (names new COO), PLTR +0.2% (secures foundational role in NGC2 data layer for the U.S Army), LLY +0.2% (High Court of Justice of England and Wales approves LLY's acquisition of CNTA), MUR +0.1% (oil discovery at the Bubale-1X exploration well)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: PRIM -32.4% (lowers FY26 guidance citing additional renewables cost overruns and delays; COO departs; announces new project awards), CDNL -4% (stock offering), MLTX -3.7% ($150 mln stock offering), BBY -3.2% (CFO to step down), NVEC -1.8% (CEO to retire, names new CEO), DFTX -1.7% ($500 mln stock offering), PFE -1.4% (topline Phase 3 results for Sigvotatug Vedotin; did not show a statistically significant improvement in primary endpoint), RKLB -0.6% (launches Electron rocket), GPRE -0.4% (files for 550,000 share offering by selling shareholders, relates to warrants), QCOM -0.3% (nearing deal for AI Chip startup Modular, according to Bloomberg), AOS -0.3% (exec chairman to retire), BA -0.1% (awarded a $121.1 mln US Navy order)