The after-hours stock market experienced a range of shifts in trading activity. Micron Technology’s shares declined by 6% following the release of its quarterly results and guidance, which met analyst estimates for the third and fourth quarters but fell short of investors’ high expectations.
Recursion Pharmaceuticals also experienced a decline of 8%, despite beating analyst estimates for its fourth quarter, as it announced plans to issue $200 million worth of Class A common stock. Levi experienced a 12% drop in shares after its full-year EPS guidance fell below expectations.
AeroVision, which exceeded analysts’ expectations for its fourth quarter, saw a 7% decline in shares due to only meeting expectations with its future quarter guidance. On the other hand, CASI Pharma experienced a significant 75% increase following receipt of a proposal letter from its Chairman and CEO to acquire its business operations in China.
Citigroup’s stock rose slightly by 0.25%, while Wells Fargo and U.S. Bancorp saw declines after hours. H.B. Fuller experienced a 5% increase in shares after reporting positive second-quarter results and providing solid guidance for the future.