After Hours Summary: AAPL -1.4% lower on Bloomberg report it's likely to slash iPhone 13 production targets due to chip shortages, suppliers also lower; CRSP -10.4% lower on clinical data; SGH +3.7% higher on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SGH +3.7%, PNFP +2.2%
Companies trading higher in after hours in reaction to news: VST +6.1% (announces new $2 bln share repurchase program), FIXX +5% (announces pheEDIT Phase 1 clinical trial for HMI-103), VMEO +4.7% (provides metrics for Sept; subscribers increased 14% yr/yr in the month), QCOM +1.4% (approves new $10 bln stock repurchase authorization), DCT +1.3% (announces partnership with Safekeep), EGO +0.5% (reports preliminary Q3 production results), STGW +0.5% (stock offering), RTLR +0.4% (announces strategic Midland Basin gas gathering and processing joint venture), ESTC +0.1% (expands integrations with Google Cloud), ANGI +0.1% (reports monthly metrics for Sep)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: STIM -19.7% (lowers Q3 guidance, issues downside FY21 guidance), VOXX -5.4%, CTSO -1.7% (issues downside Q3 revenue guidance; also receives full FDA IDE approval to begin US STAR-D trial)
Companies trading lower in after hours in reaction to news: CRSP -10.4% (announces positive results from Phase 1 CARBON Trial of CTX110), SRPT -6.6% (announces $500 mln stock offering; also provides Q3 product revenue guidance), NAPA -5.2% (stock offering), EFC -3.2% (stock offering; also announces estimated book value per share), SNCY -3.1% (stock offering), RNR -2.2% (estimates Q3 catastrophic losses at $725 mln), SWKS -1.9% (in sympathy with Apple news), SBRA -1.8% (stock offering), CRUS -1.6% (in sympathy with Apple news), AAPL -1.4% (likely to slash iPhone 13 production targets due to chip shortages, according to Bloomberg), QRVO -1.3% (in sympathy with Apple news), PYCR -1.1% (stock offering), AVGO -1.1% (in sympathy with Apple news), TXN -1.1% (in sympathy with Apple news), MN -0.7% (stock offering), AB -0.2% (reports Sept AUM), WU -0.2% (announces completion of investment into stc Bank), HAS -0.2% (announces passing of CEO, who had taken a medical leave of absence on Oct 10), IP -0.2% (authorizes a $2 bln share repurchase program; also cuts dividend by 9.8% associated with spin-off of printing papers business), NXPI -0.1% (names new CFO), CRS -0.1% (names new Chairman)