After Hours Summary: STZ -2.9% on earnings and it will divest some wine brands; X -11.7% lower on Reuters report that Trump pours cold water on merger; PSMT +1.4% a bit higher on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PSMT +1.4%, MEG +0.2%
Companies trading higher in after hours in reaction to news: ACT +5.9% (to join S&P SmallCap 600), TE +3% (stock offering by selling shareholders), VCTR +1.9% (reports March AUM), HRZN +1.7% (provides a Q1 portfolio update), MSGE +1.2% (names new CFO), IVZ +0.9% (reports March AUM), ET +0.9% (signs deal with MidOcean Energy to develop LNG export facility), COST +0.4% (reports March same sotre comps), LMND +0.3% (discloses technical issue that likely led to data exposure), WMT +0.1% (summarizes investment meeting)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: STZ -2.9% (also to divest primarily mainstream wine brands and related vineyards and facilities; undergoing a review of its organizational structuring; also announces $4 bln share buyback authorization)
Companies trading lower in after hours in reaction to news: LUCD -19.4% (stock offering), X -11.7% (Trump says he does not want to see it owned by Japan, according to Reuters), DEA -2.6% (reduces dividend; approves 1-for-2.5 reverse split; reaffirms FY25 core FFO guidance), NMAX -2.1% (court ruled that co defamed Dominion, according to Reuters), ST -2% (experienced a ransomware incident), VOYA -1.9% (provides update on Q1 alternative investment income), AB -1.1% (reports March AUM), MVST -0.6% (names new CFO), BWXT -0.1% (joint venture awarded $2.6 bln DoE contract)