After-hours Movers: Costco, Scholastic Corp, Travere Therapeutics

After-Hours Stock Movers:

Costco experienced a 1% decline despite surpassing quarterly expectations for revenue and earnings. The company reported a 6.9% growth in adjusted comparable sales over a 16-week period, excluding the effects of gasoline price fluctuations and foreign exchange rates.

Scholastic Corp saw a 9% increase in its stock price after reporting revenue that exceeded estimates. Despite being a seasonally quiet quarter for school-based channels, the company’s first-quarter operating loss showed modest improvement compared to the previous year.

Travere Therapeutics faced a 4% drop following the announcement of a voluntary pause in enrollment for the Phase 3 HARMONY Study, which is evaluating pegtibatinase for classical homocystinuria treatment. This pause is intended to allow the company to implement necessary improvements in manufacturing processes to support commercial-scale production and ensure full enrollment for the study.

MeridianLink also fell 4% after announcing an underwritten secondary public offering of 6,000,000 shares of common stock managed by certain funds.