After Hours Summary: BYND -22.1%, NBIX -13.4%, RAMP -11.4% down on earnings; XPER +25.7% jumps as it settles litigation with Comcast; ARNA -18% falls on clinical dataAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: XPER +25.7% (also announces license agreement with Comcast which ends all litigation between the cos), FLGT +15.3%, SCOR +8.9%, ZI +7%, WES +6.7%, SPT +5%, RNG +4.9% (also also announces expanded partnership with BT), ZIXI +3.7% (also acquires privately-held CloudAlly), TLRY +3.5%, NGL +3.3%, STAY +2.9%, APPF +2.8%, NKLA +2%, INO +1.2%, HAIN +0.9%, DHT +0.8%, OSH +0.7%, SWAV +0.6%, WPM +0.2% (also increases dividend), MWA +0.1%, TCO +0.1%
Companies trading higher in after hours in reaction to news: HDS +15.4% (hearing LOW may be in talks to acquire HDS), AFMD +8.6% (announces licensing and strategic collaboration agreement with Roivant Sciences), SFT +5.8% (launches car marketplace in Texas), VNOM +5.7% (announces $100 mln share buyback plan), NLS +4.3% (files for $100 mln mixed securities shelf offering), LOW +4.1% (hearing LOW may be in talks to acquire HDS), ADBE +1.8% (confirms acquisition of Workfront for $1.5 bln), ACTG +1.7% (stock offerings), NVDA +1.6% (NVIDIA DRIVE to come included in entire lineup of Hyundai, Kia, and Genesis models starting in 2022), BA +1.6% (awarded $660 mln Air Force contract), SSTI +1.2% (to acquire Leeds), LMT +1% (awarded $260 mln Air Force contract; also LUV in talks to acquire as many as 30 737 Max jets that have lost their original buyers, according to Bloomberg), MRK +0.9% (to discontinue KEYNOTE-598 study of KEYTRUDA for futility on recommendation of independent Data Monitoring Committee; also initiates VERSATILE-002 Phase 2 trial), MU +0.4% (begins volume shipments of 176-layer 3D NAND flash memory), ESI +0.1% (initiates dividend), AUPH +0.1% (presents data from integrated analysis of AURA-LV and AURORA pivotal trials)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BYND -22.1% (saw deterioration of its foodservice business as COVID-19 stay-at-home measures set in), ARNA -18%, NBIX -13.4%, RAMP -11.4%, SPG -8%, REAL -6.5%, IFF -4.8%, NVAX -4.8% (also names new CFO), ZGNX -4.8%, GSKY -2.3%, RPAY -2.2%, OXY -2%, AMBC -1.7%, IHRT -1%, ELY -0.9%, OR -0.5%, MBI -0.3%, AL -0.2%, NCLH -0.2%
Companies trading lower in after hours in reaction to news: ARNA -18% (announces primary endpoint not met in top line results from Phase 2b ADVISE trial; also reports earnings), TXMD -13.2% (stock offering), RVNC -7.6% (says Phase 2 trial for plantar fasciitis; primary efficacy endpoint not met), FSR -4.5% (stock offerings), AVEO -2.8% (files for $300 mln mixed securities shelf offering), FBIO -1.3% (stock offering), SIEN -1.1% (names new CEO, also reports earnings), FITB -0.6% (names new CFO), CDAY -0.1% (CNNE announces sale of 2,139,227 shares of CDAY), INSP -0.1% (announces full integration of Inspire Therapy into German DRG reimbursement system), GVA -0.1% (provides business update), FCPT -0.1% (increases dividend)