Most major U.S. indices surged higher on Monday, with financials ahead of the pack, gaining 1.7%. The S&P 500 Index and Nasdaq Composite each gained 1.1%, while the Dow Jones Industrial Average was up 1.2% by day’s end.

Kroger Co (NYSE:KR), Layne Christensen Company (NASDAQ:LAYN) and Limoneira Company (NASDAQ:LMNR) all made headlines after hours Monday.

Here’s what you should know:

Kroger Co (KR)

Kroger stock took a hit as the company was downgraded by several analysts.

Out of the 26 analysts covering the stock, nine have issued a “buy” rating on it, while three rated it a “sell” and 14 a “hold.” BMO Capital lowered the company’s price target from $24 to $20.

Its average price target currently sits at $23.59, which is 10.5% above its current $21.27 stock price. Oppenheimer analysts issued a “market perform” rating on the stock.

Meanwhile, Deutsche Bank lowered its position from “buy” to “hold.”

KR shares fell 0.2% after the bell Monday, but have since reversed to a premarket gain of about 0.8%.

Layne Christensen Company (LAYN)

Layne Christensen shares gained after the bell as the company posted its quarterly earnings results.

The company posted a loss of 11 cents per share during its second quarter of fiscal year 2018, topping analysts’ expectations of a 14-cent-per-share loss. In the year-ago period, the company lost 27 cents per share.

On an adjusted basis, the company earned $10 million, ahead of the $7.2 million it brought in a year ago. Layne Christensen’s revenue impressed as well at $126.2 million, which topped analysts’ consensus estimate of $122.99 million.

The company’s total backlog was $182.8 million at the end of the quarter, July 31, 2017. At the end of the first quarter, this figure was $172.2 million, and it was $194.1 million in the year-ago period.

Cash and cash equivalents were $34.2 million, while total debt was $164.1 million.

LAYN stock surged 7.1% after hours Monday.

Limoneira Company (LMNR)

Limoneira shares were down as the company unveiled its quarterly results.

For its third quarter, the company posted profit of $7.65 million, or 52 cents per share. The figure was below the year-ago sum of $10.6 million, or 71 cents per share. Analysts were calling for earnings of 52 cents per share.

Revenue for Limoneira came in at $40.4 million, which was stronger than the year-ago period’s revenue of $39.9 million. Analysts were expecting revenue of $37.9 million, per Thomson Reuters.

The company’s positive elements of the quarter came in the form of stronger lemon sales, while earnings declined year-over-year due to lower avocado sales. The company shipped 919,000 cartons of lemons for a total of $30 million, $3.8 million higher year-over-year.

Limoneira only shipped 5 million pounds of avocado at an average price of $1.50 per pound, compared to 9.5 million pounds at $1.01 a year ago.

LMNR stock fell nearly 10% after the bell Monday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.