Stock Markets 2 hours ago (Oct 11, 2022 06:04PM ET)
© Reuters. After-Hours Movers: El Pollo Loco Gains on Special Dividend, Cameco Falls on Westinghouse Deal
After-Hours Stock Movers:
El Pollo Loco, Inc. (Nasdaq: LOCO) 13% HIGHER; announced that the Board of Directors declared a special dividend of $1.50 per share on the common stock of the Company (shares). The special dividend is payable on November 9, 2022 to shareholders of record at the close of business on October 24, 2022. Additionally, the Board of Directors has approved a new share repurchase program with authorization to purchase up to $20,000,000 of shares. The share repurchase program is effective immediately.
VOXX Int’l (VOXX) 12% LOWER; reported Q2 EPS of ($0.42), $0.35 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $125.7 million versus the consensus estimate of $137.93 million.
Cameco Corporation (CCJ) 11% LOWER; Cameco and Brookfield Renewable Partners (BEP), together with its institutional partners (the consortium), are forming a strategic partnership to acquire Westinghouse Electric Company (Westinghouse), one of the worlds largest nuclear services businesses. The total enterprise value for Westinghouse is $7.875 billion.
Lightning eMotors, Inc. (ZEV) 3% HIGHER; announced that it produced 104 vehicles and powertrains during the third quarter of 2022, up from 74 during the second quarter of 2022. Going forward, Lightning plans to disclose unit production levels after the end of each quarter.
DICE Therapeutics, Inc. (Nasdaq: DICE) 1% LOWER; commenced an underwritten public offering of $250.0 million of shares of its common stock