Stocks making the biggest moves after hours: Micron, H.B. Fuller, Kratos Defense & Security Solutions and more
Check out the companies making headlines in after-hours trading. Micron – The maker of memory and storage products rose almost 4% after its fiscal third-quarter results topped analysts’ expectations. Micron posted adjusted earnings of $1.91 per share on $9.30 billion in revenue, while analysts surveyed by LSEG were calling for $1.60 per share and $8.87 billion in revenue. The company’s fourth-quarter guidance also came in better than expected. H.B. Fuller – The stock jumped more than 6% following the adhesive manufacturing company’s latest quarterly results. The company’s adjusted earnings of $1.18 per share topped the analyst estimate of $1.08 a share, per FactSet. H.B. Fuller’s full-year earnings forecast also came in strong. Kratos Defense & Security Solutions – Shares tumbled nearly 7%. On Wednesday, the IT security company announced plans for an underwritten public offering of $500 million of its common stock. MillerKnoll – Shares surged 9% after the company reported net sales for the fiscal fourth quarter of $961.8 million. That reflected an increase of more than 8% from the prior-year period’s $888.9 million. Adjusted earnings per share decreased more than 10% from a year earlier, however, coming in at 60 cents per share compared to 67 cents per share. Jefferies Financial – The investment bank’s stock fell more than 2% on the heels of its second-quarter earnings of 40 cents per share, missing the 44 cents per share that analysts polled by FactSet had sought. Jefferies also reported revenue of $1.63 billion for the period, better than the expected $1.56 billion consensus estimate. This post has been syndicated from a third-party source. View the original article here.
