After Hours Summary: INTC -8.6% falls on earnings; SNAP -21.9% also falls on earnings, spooking entire online ad space; WHR -2.3%, CMG -0.9% down modestly on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MAT +5.2%, CE +2.8%, WSFS +2.7%, GBCI +2.6%, OLN +1.6%, ARAY +1% (issues upside SepQ and FY22 rev guidance), WAL +0.6%, WRB +0.5%
Companies trading higher in after hours in reaction to news: ATHA +4.9% (CEO resigns; names new CEO and COO), AMD +1.7% (in sympathy with weak Intel results), PSN +1.5% (announces award of a potential $1.1 bln contract by US Army), GREE +1.5% (announces new details regarding expansion plans), TMCI +1.5% (patent issued by USPTO), OLO +1.3% (to acquire Wisely), VLD +0.4% (stock offering), GCO +0.1% (names new CFO), KTB +0.1% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SNAP -21.9%, CMBM -11.2% (lowers Q3 rev guidance due to supply constraints), INTC -8.6% (also CFO to retire), USX -8.6%, BOOM -8.2%, OZK -5.7%, BJRI -3.2%, SAM -3.2%, VICR -2.9%, WHR -2.3%, CMG -0.9%, CSL -0.6%, SIVB -0.2%, RHI -0.1%
Companies trading lower in after hours in reaction to news: MTCR -49.1% (reports interim results from Phase 2a trial of MET642; also announces strategic re-prioritization of clinical development programs), MGNI -5.4% (online ad stocks lower on SNAP guidance), TTD -5.3% (online ad stocks lower on SNAP guidance), ISEE -4.8% (stock offering), FB -4.4% (online ad stocks lower on SNAP guidance), PUBM -4.2% (online ad stocks lower on SNAP guidance), TWTR -4% (online ad stocks lower on SNAP guidance), PINS -3.1% (online ad stocks lower on SNAP guidance), ROKU -3% (online ad stocks lower on SNAP guidance), GOOG -2.2% (online ad stocks lower on SNAP guidance), IDA -1% (increases dividend), FANG -0.5% (RTLR to acquire water midstream assets from parent FANG for $160 mln), ALTM -0.4% (will acquire BCP Raptor, parent of EagleClaw Midstream), JNJ -0.4% (CDC panel votes to endorse boosters for vaccines from Moderna and JNJ), RAD -0.4% (files mixed securities shelf offering), DVAX -0.3% (names new board chairman), SO -0.3% (announces revised schedule for Vogtle 3 & 4 nuclear expansion project), MRNA -0.2% (CDC panel votes to endorse boosters for vaccines from Moderna and JNJ), KFY -0.1% (to acquire Lucas Group)