Stocks that moved notably in after-hours trading reflected a combination of legal settlements and quarterly financial results that diverged from expectations.
Biotech and pharma names led gains after a major legal settlement was announced. Moderna (MRNA) rose 10%, Roivant Sciences (ROIV) climbed 6% and Arbutus Biopharma (ABUS) surged 15% after a $2.25 billion global settlement to resolve all U.S. and international enforcement actions related to Moderna’s unauthorized use of Genevant’s and Arbutus’ lipid nanoparticle delivery technology in its COVID-19 vaccines, including Spikevax.
In cybersecurity, CrowdStrike (CRWD) slipped 1.25% despite reporting quarterly results that were in line with expectations and providing guidance that matched the market view. The company reported total revenue of $1.31 billion, a 23% increase from $1.06 billion in the fourth quarter of fiscal 2025.
Developer operations platform GitLab Inc (GTLB) declined about 3% after its forward-looking outlook disappointed investors. GitLab projected fiscal 2027 EPS of $0.76 to $0.80, below the consensus estimate of $1.03.
Retailer Ross Stores (ROST) was a notable gainer, rising 6% after reporting fourth-quarter earnings per share of $2.00, which exceeded the consensus estimate of $1.88 by $0.12. Revenue for the quarter came in at $6.64 billion versus the consensus estimate of $6.38 billion.
Box (BOX) also moved higher, up roughly 3% following quarterly results that topped estimates. The company reported fourth-quarter EPS of $0.49, $0.15 above the consensus of $0.34, while revenue reached $305.9 million compared with the consensus estimate of $304.28 million.
Packaged foods maker B&G Foods (BGS) climbed 10% after issuing fiscal 2026 EPS guidance of $0.55 to $0.65, above the consensus forecast of $0.51.
Context and market impact
The after-hours activity shows legal outcomes can drive outsized moves in biotech names when settlements resolve cross-border enforcement actions, while retailer and software names continue to react to the interplay of earnings beats and forward guidance. Revenue beats at Ross and Box supported gains in consumer discretionary and enterprise software segments, respectively, while guidance shortfalls pressured GitLab and modestly affected CrowdStrike despite solid revenue growth at the latter.
Promotional note included in the original release
The original release included a promotional segment noting that an AI-based stock selection tool, ProPicks AI, evaluates Ross Stores among thousands of companies using over 100 financial metrics to identify stocks with attractive risk-reward profiles. That segment described the AI as objective and cited prior winners, and invited readers to check whether ROST appears in current strategies.