Stocks Making Significant Moves After Hours: AeroVironment, American Eagle Outfitters, Cooper Companies and Others
After-hours trading saw mixed performance among several stocks as companies reported quarterly results or announced major developments. AeroVironment's shares rose by 2% after the drone manufacturer exceeded first-quarter earnings and revenue estimates significantly. In contrast, American Eagle Outfitters dropped nearly 10%, with weaker-than-expected comparable sales in Q2 and a below-consensus operating income forecast. Navan fell over 12% despite narrowly beating adjusted earnings expectations for its second quarter; the company also announced an acquisition of events platform BoomPop. Wealthfront declined almost 4% after posting slightly above estimates but missing broader market expectations on revenue growth. Cooper Companies saw a sharp drop of about 14%, as it projected fourth-quarter results below analyst forecasts. Enbridge shares fell by approximately 2% following the announcement that it plans to acquire Tallgrass Energy's crude transportation business for $2.55 billion.
Topics: acquisition earnings stock performance