After Hours Summary: ABCL jumps +21.1% as FDA expands EUA for COVID treatment; USNA -2.8% heads lower on guidance; X -1.6% ticks lower on guidance and development on new steel plantAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: EIX +0.1% (establishes in-line 2021 EPS guidance following favorable GRC final decision)
Companies trading higher in after hours in reaction to news: ABCL +21.1% (FDA expands EUA for bamlanivimab 700 mg and etesevimab 1400 mg to include post-exposure prophylaxis to prevent SARS-CoV-2 infection or symptomatic COVID-19), FANG +4.9% (approves up to $2.0 bln in new repurchase program), ZUMZ +3.3% (approves $150 mln stock repurchase authorization), NEXA +1.1% (names new CEO), CARR +0.8% (to acquire BrokerBay), IGT +0.8% (wins contract from the Connecticut Lottery), ECOM +0.7% (provides long-term financial targets; also $25 mln share repurchase program), WPC +0.6% (increases dividend), ALGN +0.2% (announces exclusive supply and distribution agreement with Ultradent)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: USNA -2.8% (guides Q3 revs below single est, lowers FY21 guidance; increases share repurchase program)
Companies trading lower in after hours in reaction to news: GRTS -5.1% (announces $55 mln private placement financing), X -1.6% (announces exploratory site selection process to build new $3 bln mini mill in the US; also guides EBITDA slightly above consensus), BLDP -0.9% (announces launch of the FCmove-HD+), SKT -0.1% (increases dividend), NOW -0.1% (Chief Accounting Officer stepping down), GLT -0.1% (will increase prices for all composite fibers products by 12%)