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Red Hat, AnaptysBio, Aimmune Therapeutics and more - AFTER HOURS

A look at the after hours trade in New York on Tuesday

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A look at some highlights in after hours trade in New York

After stocks posted a higher finish on Wall Street, shares in Red Hat Inc (NYSE:RHT) added over 5% after the bell to US$161 on Monday.

The software group reported fourth quarter earnings per share (EPS) and revenue, which beat Wall Street expectations. Sales rose 23% year-on -year of US$772mln.

Meanwhile, AnaptysBio Inc (NASDAQ:ANAB) rose 8.79% in extended hours to US$123.83 after the drug developer announced positive peanut allergy treatment data yesterday.

 

Analysis of the mid-stage trial data pointed to nearly half of patients treated showing peanut tolerance.

Concurrently, fellow drug maker Aimmune Therapeutics Inc (NASDAQ:AIMT) shares dropped. Aimmune's drug to treat peanut allergy in children succeeded in a late-stage study in February.

Meanwhile, SM Energy Co (NYSE:SM) nudged 0.27% to US$18.62 after the bell after the natural gas explorer said it had completed its previously announced sale of the majority of its assets in the Powder River Basin for US$500mln.

The company plans to use the proceeds for general corporate purposes, including to reduce debt.

Quick facts: Red Hat

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