Shares in several publicly traded companies shifted in after-hours trading following earnings results and program updates. Market reactions were stock-specific, reflecting quarterly performance, guidance revisions and clinical trial outcomes.
Levi (LEVI) climbed about 6% after reporting quarterly results that showed Net Revenues of $1.7 billion. Management said revenues rose 14% on a reported basis and 9% on an organic basis versus Q1 2025.
Insmed (INSM) declined roughly 2% after the company announced it was discontinuing its hidradenitis suppurativa program following a failed trial.
Aehr Test Systems (AEHR) slid approximately 3% when third-quarter revenue came in below consensus. The company reported revenue of $10.3 million for the quarter versus the consensus estimate of $10.8 million.
Skillsoft (SKIL) jumped about 25% after reporting quarterly figures that market participants interpreted positively. The company reported Total Revenue of $131 million compared with $134 million in the prior year.
Greenbrier Cos. (GBX) fell about 5% after missing estimates on both the top line and the bottom line. Greenbrier also revised its fiscal 2026 guidance to reflect a more gradual production ramp-up, citing a shift of deliveries into early fiscal 2027. The company said this timing change is driven by order timing rather than changes to underlying demand. The updated outlook also incorporates increased investment in the lease fleet, with Greenbrier expecting double digit fleet growth in fiscal 2026 to expand recurring revenue.
The after-hours moves in these names illustrate how corporate announcements - from trial outcomes to delivery scheduling and capital allocation toward leasing fleets - can produce divergent price responses outside regular market hours. Revenues, guidance changes and program terminations were the primary drivers of the moves reported here.
Market participants considering Aehr Test Systems' outlook may question valuation following the revenue miss. Some investors and analysts look to valuation tools and model mixes to assess whether a name presents upside after a shortfall; the presence of a revenue shortfall at Aehr has prompted such valuation inquiries in the market.
Sectors impacted - The moves touched multiple sectors: apparel retail for Levi, biotechnology for Insmed, semiconductor test equipment for Aehr Test Systems, education and corporate learning software for Skillsoft, and rail manufacturing and leasing for Greenbrier.
Trading context - These price changes occurred in after-hours trading sessions and reflect investor responses to company-released information rather than macro market news.