After Hours Summary: ESTC +15.1%, ULTA +11.3%, PATH +11%, PD +7.4% higher on earnings; DELL -3%, MRVL -2.6% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ESTC +15.1%, IOT +13.6%, ULTA +11.3% (also CFO to retire, names new CFO), PATH +11%, DOMO +7.5%, PD +7.4%, AMWD +4.7%, AMBA +3.2%, ZUMZ +1.2%
Companies trading higher in after hours in reaction to news: ALT +29.1% (announces topline results from MOMENTUM Phase 2 Obesity Trial of Pemvidutide), ELF +2.4% (in sympathy with strong ULTA earnings), LSCC +2% (expands stock repurchase program with new $250 mln authorization), NVRO +1.6% (acquires Vyrsa Technologies), BANC +0.9% (completes merger with PACW), BYON +0.8% (approves a declassification of the Board), DIS +0.6% (reinstates dividend; had been suspended since spring 2020), CCNE +0.6% (names new chairperson), RJF +0.4% (authorizes new $1.5 bln share repurchase program; also increases dividend), EL +0.2% (in sympathy with strong ULTA earnings), MRK +0.1% (Merck says FDA accepted for priority review a new sBLA for KEYTRUDA)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CLSK -15.7%, DELL -3%, MRVL -2.6%
Companies trading lower in after hours in reaction to news: CWAN -4.5% (launches 17 mln share offering), MKL -4% (COO to step down), SMCI -3.8% (stock offering), TSLA -1.4% (releases prices of its new Cybertruck; starts at $60,990), TMC -0.9% (files $100 mln mixed shelf securities offering), CRM -0.7% (files mixed shelf securities offering), SGEN -0.2% (FDA grants priority review for sBLA of PADCEV with KEYTRUDA), GD -0.2% (will compete with Tactical Systems for a $655 mln US Army contract)