After Hours Summary: CHWY +20.9%, MDB +5.8%, PVH +4.3%, VEEV +3.5%, NTAP +3.4% higher on earnings; AI -19.5%, HPE -6.6% fall on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CHWY +20.9%, CRDO +9.8%, PSTG +9.7%, PATH +6.5%, MDB +5.8%, PVH +4.3% (also increases planned 2022 share repurchases to $400 mln), VEEV +3.5%, NTAP +3.4%, NCNO +1.8%, ESTC +1.5%, GME +1.4%, DSGX +0.9%, SMTC +0.2%
Companies trading higher in after hours in reaction to news: RPTX +16.6% (announces worldwide license and collaboration agreement with Roche for camonsertib), APRN +12% (launches new meal kit offering on Walmart.com), KIND +8.1% (authorizes new $100 mln share repurchase program), IGT +2.6% (signs ten year contract extension with Kansas lottery), GSM +2.5% (names new COO), SANA +0.6% (to develop manufacturing facility in Bothell), SAIL +0.4% (receives HSR clearance for pending merger with Thoma Bravo), CERN +0.3% (ORCL obtains approvals for proposed acquisition of CERN), DHX +0.2% (US PTO issues patent related to taxonomy), VAL +0.2% (receives contract termination notice for drillship VALARIS DS-11), BYD +0.1% (authorizes $500 mln increase to share repurchase program), BA +0.1% (DAL still trying to reach an aircraft deal with BA, according to Reuters)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AI -19.5%, HPE -6.6%, S -3.1%
Companies trading lower in after hours in reaction to news: RDUS -6.3% (provides update on abaloparatide transdermal system; to cease all work on abalo-TDS), OWL -2.2% (stock offering by selling shareholder), ITI -1.1% (authorizes new $10 mln share repurchase program), MGY -1.1% (announces proposed block trade of 7.5 mln Class A shares by selling shareholders; intends to purchase 2 mln Class B shares), ANIP -1% (receives FDA approval for ANDA for Fludrocortisone Acetate Tablets), VCSA -0.5% (stock offering by selling shareholders), RIOT -0.3% (names new CFO), DAL -0.2% (DAL still trying to reach an aircraft deal with BA, according to Reuters), RYI -0.1% (acquires tool steel processor Ford Tool Steels), ABC -0.1% (provides long-term goals at Investor Day), TMX -0.1% (satisfies key closing condition for Rentokil merger), BRO -0.1% (acquires the assets of Dealer Specialties)