After Hours Summary: SLP +12.5% higher on earnings; CARS +2.2% on cost reduction program and guidance; TGLS -9.9% lower on guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SLP +12.5%, CARS +2.2% (also provides update, $90 mln share buyback auth increase; reaffirms guidance for Q1 and FY26; initiates cost reduction program, which includes 11% workforce reduction)
Companies trading higher in after hours in reaction to news: ANTX +1.3% (files for $300 mln share offering; also files for offering by selling shareholders), SYK +1.2% (provides update on cybersecurity incident; had a material impact on Q1 financials but little impact on FY26 guidance), VG +0.6% (discloses LNG cargos and recognized revenue for Q1), RKLB +0.6% (signs multi-launch deal with Institute for Q-shu), SMCI +0.4% (announces Gold Series enterprise server solutions), EBS +0.4% (partners with B.C. Provincial Health to supply NARCAN Nasal Spray), MSFT +0.1% (OpenAI says it holds a computing edge over Anthropic, according to Bloomberg)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: TGLS -9.9%, WDFC -0.7%
Companies trading lower in after hours in reaction to news: NMG -12.4% (US$297 mln equity financing package), HSDT -1.1% (names new COO), COP -1% (sent team to Venezuela to evaluate oil prospects, according to Bloomberg), DGXX -0.4% (files for $750 mln mixed securities shelf offering), EOG -0.4% (updates Q1 tax expense), COHR -0.1% (announces advancements in its silicon carbide epitaxy capabilities)