After Hours Summary: PSMT +7.1%, LEVI +5.6% higher on earnings; BYD to sell 5% equity interest in FanDuel to FLUT
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PSMT +7.1% (also evaluating Chile as a potential new market), LEVI +5.6% (also increases dividend), SAND +0.3%
Companies trading higher in after hours in reaction to news: RCAT +15% (drone stocks higher on Fox news report that Defense Sec Hegseth has issued orders to fast-track drone production), VOR +3.5% (names new CFO), AVAV +3.5% (drone stocks higher on Fox news report that Defense Sec Hegseth has issued orders to fast-track drone production), ADC +1.7% (increases dividend), APAM +0.9% (reports June AUM), LUCK +0.8% (acquires real estate underlying 58 locations), AIOT +0.2% (launches AI risk intervention application), FTK +0.2% (files for $200 mln mixed securities shelf offering; also files for 6.25 mln share offering by selling shareholder), R +0.2% (increases dividend), MRK +0.1% (FDA approves BRAVECTO QUANTUM from Merck animal health), LMT +0.1% (awarded a $197.5 mln modification to a previously awarded US Navy contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FEIM -6%
Companies trading lower in after hours in reaction to news: CIVB -9.8% (to acquire The Farmers Savings Bank; launches stock offering), BG -6.2% (stock offering by selling shareholders), TKNO -2.5% (files for $225 mln mixed securities shelf offering), AB -2.4% (reports June AUM), HBM -2.2% (temporarily suspends operations in Snow Lake due to wildfire), IVZ -1.2% (reports June AUM), TOL -0.1% (names new CFO), AGM -0.1% (Farmer Mac announces departure of CFO)