After-hours movers: Flutter Entertainment, DraftKings, Cal-Maine Foods, and more

After-Hours Stock Movers:

Flutter Entertainment(FLUT) fell 4% after is said it experienced a period of very unfavorable U.S. sports results that impacted revenue for the 2024. However, management said they remains confident in the growth drivers and long-term growth trajectory. Shares of rival DraftKings (NASDAQ:DKNG ) also traded lower in sympathy, falling 1.5%.

Cal-Maine Foods (NASDAQ:CALM ) rose 5% after it reported second quarter revenue and guidance that beat estimates. Robust demand for shell eggs resulted in a significant increase in dozens sold for the quarter.

Sana Biotechnology (SANA) shares surged after it announced initial results from an investigator-sponsored, first-in-human study transplanting UP421, an allogeneic primary islet cell therapy engineered with Sana’s hypoimmune (HIP) technology, into a patient with type 1 diabetes without the use of any immunosuppression.

Kimbell Royalty Partners LP (NYSE:KRP ) fell 5% after it announced an underwritten public offering of 9,000,000 common units representing limited partner interests. It also announced an agreement to acquire mineral and royalty interests held by a private seller in a cash and unit transaction valued at approximately $231 million.

Avita Medical Limited(NASDAQ:RCEL ) declined 10% after it lowered guidance for the fourth quarter. AVITA Medical now expects commercial revenue to be approximately $18.4 million, reflecting growth of around 30% over the same period in 2023. Previously provided fourth-quarter guidance was in the range of $22.3 million to $24.3 million.

Source: Investing.com