AeroVironment jumps 2% as Cooper Companies tumbles 14% in extended trading

  • AeroVironment, American Eagle, Navan, Wealthfront, Cooper Companies and Enbridge moved in extended trading.
  • Cooper Companies fell roughly 14% after forecasting earnings of $1.05 to $1.09 per share.
  • Navan announced its acquisition of BoomPop without disclosing financial terms.

Several companies moved sharply in extended trading after releasing quarterly results, forecasts or transaction news. AeroVironment rose 2% after reporting first-quarter adjusted earnings of 59 cents per share and revenue of $480 million, ahead of LSEG analyst estimates of 25 cents and $456 million. American Eagle Outfitters fell 10% after second-quarter comparable sales declined 1%, worse than the 0.6% decline analysts expected, while its current-quarter operating-income forecast of $110 million to $115 million trailed the StreetAccount consensus of $124.3 million. Navan dropped 12% after second-quarter adjusted earnings of 5 cents per share narrowly exceeded FactSet's 4-cent estimate; it also announced the acquisition of events platform BoomPop without disclosing financial terms. Wealthfront declined almost 4% despite second-quarter earnings of 10 cents per share and revenue of $91.9 million, which exceeded FactSet estimates by two cents and $0.4 million, respectively. Cooper Companies slid roughly 14% after projecting fourth-quarter revenue of $1.057 billion to $1.080 billion and adjusted earnings of $1.05 to $1.09 per share, below LSEG expectations of $1.11 billion and $1.19 per share. Enbridge fell 2% after announcing a $2.55 billion deal to acquire Tallgrass Energy's crude transportation business.

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