Story
Worthington Soars on Earnings Beat, TriSalus Jumps on FDA Clearance in After-Hours Trading
Several companies saw significant price moves in after-hours trading, driven by catalysts including a strong earnings report, a key regulatory approval, and a planned secondary stock offering.
Earnings and Sector Strength
Worthington Enterprises (WOR) surged 14% in extended trading after the company reported strong financial results for its fiscal first quarter. The building products manufacturer announced:
- Adjusted earnings per share (EPS) of $0.82, beating analyst estimates by $0.07.
- Net sales of $343.89 million, an increase of 13.2% year-over-year.
The company attributed the performance to volume growth in its Consumer Products and Building Products segments.
Homebuilder KB Home (KBH) rose 2% post-market. The move was linked to positive read-throughs from the broader housing sector and signs of firming buyer demand, with investors focused on new order rates and gross margin stability amid a shifting interest rate environment.
AdBiotech and Tech Catalysts
TriSalus Life Sciences (TLSI) saw its shares jump 28% after the company announced it received U.S. Food and Drug Administration (FDA) 510(k) clearance for its TriNav® Advance device. This clearance expands its Pressure-Enabled Drug Delivery™ (PEDD) portfolio, designed to help interventional radiologists treat solid tumors in smaller, more distal blood vessels.
Quantum computing firm IonQ (IONQ) climbed 8% following the announcement of a technical achievement in quantum error correction. The company said it demonstrated an end-to-end, real-time quantum error correction decoder that can operate on a single standard CPU, a development aimed at removing processing bottlenecks that can stall quantum computing workloads.
Secondary Offering Weighs on InnovAge
InnovAge Holding Corp. (INNV) shares dropped 12% following the announcement of an underwritten secondary public offering of 10,000,000 shares of its common stock. The shares are being sold by funds affiliated with Apax Partners and Welsh, Carson, Anderson & Stowe. The offering creates a potential overhang on the stock, as underwriters have a 30-day option to purchase up to an additional 1,500,000 shares.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.