After Hours Summary: ADBE -3% heads lower on weak guidance, but rebounds off lows; X +5.6% is latest steel name with bullish guidance; ROKU +4% higher on deal with WMTAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: X +5.6% (issues upside EPS guidance)
Companies trading higher in after hours in reaction to news: CO +12.1% (FDA recently cleared Cellenkos' IND application for CK0804 as add on therapy to Ruxolitinib), ROKU +4% (ROKU and WMT announce partnership to bring comerce to TV ads), FTI +3.9% (awarded a significant contract by TotalEnergies Angola), TRGP +2.9% (to acquire Lucid Energy for $3.55 bln; also updates 2022 standalone outlook), BHC +2.3% (provides update on Solta Medical; IPO process suspended in light of market conditions), UWMC +2.1% (CFO takes leave of absence for health reasons), EFC +2% (reports book value per share), OAS +1.2% (declares $15 special dividend in connection with closing of merger with WLL), BGS +0.7% (forms four business units), OEC +0.1% (to raise prices for rubber carbon black products), MLNK +0.1% (names new CFO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ADBE -3%
Companies trading lower in after hours in reaction to news: RYTM -14.6% (FDA issues CRL for the sNDA for setmelanotide in Alström syndrome; FDA approves sNDA for IMCIVREE; also enters into Revenue Interest Financing Agreement with HealthCare Royalty for a total investment up to $100 mln), DRTS -1.4% (Israeli govt grants radioactive license), PII -1% (announces sale of Transamerican Auto Parts to Wheel Pros), WPC -0.3% (increases dividend), OWL -0.3% (files $1 bln mixed securities shelf offering), MPLN -0.2% (invests $15 mln in Abacus Insights), MEI -0.1% (authorizes $100 mln increase to its existing share buyback program), GVA -0.1% (awarded two contracts worth a combined $38 mln), KBR -0.1% (its commercial cloud and mission service platform is FedRAMP Ready)