After Hours Summary: RUM +9.5% nicely higher on new partnership with Perplexity; AMAT -3.6% slides after new BIS Affiliates Rule expected to reduce revenue
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: RUM +9.5% (new partnership with Perplexity), AOUT +2.7% (approves new $10 mln share repurchase program), CDTX +1.5% ($339 mln award from Biomedical Advanced Research and Development Authority), XOMA +1.2% (extends tender offer to acquire LVTX), SVRA +0.9% (results from Phase 3 trial), ERJ +0.6% (reports Q3 aircraft deliveries), SAVA +0.6% (Chief Operating and Legal Officer disclosed purchase of shares), CRVS +0.3% (appoints NVO executive to Board), GD +0.3% (awarded $1.25 bln task order), TSLA +0.2% (SOC Investment Group to vote against Musk's pay package), ENTA +0.1% (prices share offering)
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: DTM -7.4% (successful Guardian Pipeline expansion), AMAT -3.6% (new BIS Affiliates Rule expected to reduce revenue), LRCX -2.7% (in sympathy with AMAT news), KLAC -2.6% (in sympathy with AMAT news), ASML -1.9% (in sympathy with AMAT news), IVVD -1.6% (mixed securities shelf offering), COUR -1.3% (CFO to step down; reaffirms guidance), HIMS -0.3% (names new COO), LEGH -0.2% (CEO to resign), CBRL -0.2% (leadership and organizational enhancements)