Stocks making the biggest moves after hours: Palo Alto Networks, Portland General Electric & more

Check out the corporations making headlines after hours Monday:

Standex International — Shares of the industrial mildew manufacturing firm rose 0.2% on the again of better-than-expected outcomes for the earlier quarter. Standex reported adjusted earnings for the fiscal fourth quarter of 65 cents per share. Analysts polled by FactSet anticipated a revenue of 43 cents per share. “Since the end of April, our end markets have exhibited a gradual increase in the level of customer activity that has continued into our first quarter,” mentioned CEO David Dunbar.

Palo Alto Networks — Palo Alto Networks posted earnings per share of $1.48, topping a FactSet estimate of $1.39 per share. The firm additionally issued better-than-expected earnings steerage for the present quarter. However, Palo Alto shares slid more than 3% in after-hours buying and selling.

Tiffany — Tiffany shares fell 0.6% after Reuters reported, citing a supply, the jeweler and French luxurious good maker LVMH will push again a $16.2 billion merger by one other three months. The deal nonetheless lacks the vital regulatory approval to undergo, together with in the European Union, based on the report.

Portland General Electric — Shares of the Portland-based utility fell more than 6% after the firm introduced the formation of a particular committee to assessment latest losses from power buying and selling actions. Portland General Electric mentioned it has skilled realized losses of $104 million in 2020. The firm additionally lowered its full-year earnings steerage.