After Hours Summary: ADBE +16.9% up big following earnings; RH -9.7% lower on earnings; MSM -6% falls on weak guidance; VXRT +140% jumps on news it will receive BARDA award
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ADBE +16.9%, ITI +5.5%, FRHC +1%
Companies trading higher in after hours in reaction to news: VXRT +140% (receives BARDA-funded Project NextGen award valued up to $453 mln), ZKH +6.5% (authorizes new $50 mln share repurchase program), CIM +3.1% (increases dividend), LNW +2.8% (authorizes new $1 bln share repurchase program), MITT +2% (increases dividend), TPL +1.9% (approves $10/sh special dividend), TSLA +0.6% (shareholders approve moving incorporation to Texas; approve CEO $56 bln pay package), WPC +0.1% (increases dividend), BMY +0.1% (FDA approves Augtyro for NTRK-positive tumors), TXT +0.1% (announces successful flight of its second Cessna Citation Ascend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RH -9.7%, MSM -6%, POWW -3.2%
Companies trading lower in after hours in reaction to news: RZLT -13% (stock offering), FAST -2.1% (in sympathy with weak MSM guidance), GWW -1.9% (in sympathy with weak MSM guidance), OCUL -1% (highlights AXPAXLI SOL-1 enrollment and plans for repeat dosing study (SOL-R) in wet AMD), CABO -0.3% (announces restructuring, 4% headcount reduction), SITC -0.1% (closes on sale of six property portfolio for $495 mln), ON -0.1% (to reduce global workforce by ~1,000 employees)