After Hours Summary: ADBE -10.2%, PD -10.1%, SMAR -9%, ULTA -5% lower on earnings; MDGL +23.6% as it confirms FDA approval of Rezdiffra; GERN +90.8% after it resumes trading
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CDLX +36.2%, GETY +9%, DESP +8.2%, WW +4.3%, PHR +3.6%, AGRO +3.1%, ALLO +0.8%
Companies trading higher in after hours in reaction to news: GERN +90.8% (resumes trading after being halted on Thurs; FDA Advisory Committee voted in favor of the clinical benefit/risk profile of Imetelstat), MDGL +23.6% (confirms FDA approval of Rezdiffra), AQST +14.3% (data from pivotal study for Anaphylm), LAW +3.6% (authorizes new $20 mln share repurchase program), ISRG +2.8% (FDA provides 510(k) clearance for da Vinci 5), TRIN +1.6% (increases dividend), BGNE +1.1% (FDA approves TEVIMBRA), UDR +0.9% (increases dividend), ALLO +0.8% (files $500 mln mixed shelf securities offering), WPC +0.7% (increases dividend), ONTF +0.5% (authorizes new $25 mln share repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BW -12.1% (also evaluating strategic alternatives for non-strategic assets to increase liquidity), ADBE -10.2% (also authorizes new $25 bln share repurchase program), PD -10.1%, SMAR -9%, BLNK -7%, MNTK -6.3%, ULTA -5% (also forming JV with Axo to launch Ulta in Mexico; approves $2 bln for repurchases), ZUMZ -4.8%, EVCM -3.2%, RDUS -2.6%, SMR -0.1%
Companies trading lower in after hours in reaction to news: HRTG -4.3% (files $100 mln mixed shelf securities offering), NUVB -3.2% (first patient has been dosed in a Phase 1/2 study of NUV-1511), PANL -2.4% (files $100 mln mixed shelf securities offering), OPCH -2% (discloses cybersecurity incident at Change Healthcare, which OPCH uses), MBLY -1.6% (files mixed shelf securities offering), GPMT -1.3% (decreases dividend), ACIU -0.9% (files $350 mln mixed shelf securities offering), WPM -0.7% (increases dividend), TOL -0.2% (files mixed shelf securities offering), CL -0.2% (increases dividend), EIG -0.1% (names new board chair), AJG -0.1% (may sell up to 3 mln shares in ATM offerings), UAL -0.1% (UAL close to securing at least 36 Airbus jets as it seeks to replace delayed Max 10 orders, according to Bloomberg), BA -0.1% (UAL close to securing at least 36 Airbus jets as it seeks to replace delayed Max 10 orders, according to Bloomberg)