After Hours Summary: MAT +12%, F / GRUB +7%, AMZN +0.6%, SBUX +0.5%, ATEN -11.5%, PFPT -7.5%, INTC -7% among the many earnings/guidance moversAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: EHTH +12.5%, MAT +12%, PRO +7.7% (light volume), F +7.4%, GRUB +7.3%, SFLY +4.2%, SWN +3.7%, BJRI +2.8%, LOGM +2%, RSG +1.9% (light volume), CY +0.7%, AMZN +0.6%, SBUX +0.5%
Companies trading higher in after hours in reaction to news: SBBP +7% (presents new secondary endpoint results from the Phase 3 SONICS study of RECORLEV for the potential treatment of endogenous Cushing's syndrome), CNSL +4.4% (rebounding from 34% decline on earnings and dividend elimination news), TOCA +4.3% (initiated with a Overweight rating and $28 tgt at Cantor Fitzgerald), TEUM +4.1% (initiated with Outperform rating and $7 tgt at Oppenheimer), RBBN +4% (discloses binding mediator's proposal that resolves the six previously disclosed lawsuits between the Company and Metaswitch), ZAYO +3.7% (drifting higher in extended trading on light volume amid renewed M&A chatter), COG +3.1% / BLMN +2.6% (ticking higher ahead of earnings tomorrow), CRC +2.8% (after closing nearly 16% lower on the day), GM +2.1% / FCAU +1.2% (following F earnings/guidance), HAS +1% (following MAT results), HEXO +0.8% (initiated with Buy at Desjardins), CNC +0.6% (following CEO appearance on MadMoney)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ATEN -11.5%, PFPT -7.5%, FII -7.2% (light volume), INTC -7.1%, BEAT -5%, SGEN -4.5%, SIVB -3.8%, VCRA -3.6% (light volume), FTV -3.2% (light volume), ILMN -2.6%, MHK -1.9% (light volume)
Companies trading lower in after hours in reaction to news: INTU -5.2% (reports 7% increase in TurboTax Online units season-to-date; updates Consumer Group revenue guidance), ADNT -2.1% (priced private offering of $800 mln 7.00% senior first lien notes due 2026), WMT -1.4% / TGT -0.6% / etf- XRT -0.6% (pulling back following AMZN results and plans for Free Prime Two-Day shipping will evolve to Free Prime One-Day shipping this year), MRK -0.7% (announces topline findings from final analysis of Phase 3 KEYNOTE-062 trial evaluating KEYTRUDA in combination with chemotherapy for the first-line treatment of advanced gastric or gastroesophageal junction adenocarcinoma)
Intel (INTC -7%) earnings/disappointing guidance is pressuring semiconductor / chip names in extended trade (ETFs SMH -1.9%, SOXX -1.6%): ON -2.7%, MU -2.6%, NVDA -2.5%, WDC -2.4%, UCTT -2.1%,AMD -1.5%, MRVL -1.3%, STM -1.3%, QCOM -1%, LRCX -1%, AVGO -0.9%, ADI -0.9%