After Hours Summary: ADBE +2.3% higher on earnings; NUE +1.2% higher on guidance; CBT -7.7% falls as it withdraws FY23 EPS guidance; SPCE +41% pops as first spaceflight to occur this monthAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ADBE +2.3%, NUE +1.2% (guides Q2 earnings above consensus)
Companies trading higher in after hours in reaction to news: SPCE +41% (starts commercial spaceline operations; first spaceflight to occur this month), SQSP +7.7% (SQSP to acquire assets associated with GOOG Domains business), ENVX +4.4% (achieves Q2 forecast for units made at Fab1 location), XAIR +3.3% (licenses commercial rights to nNOS Inhibitors), COIN +2.2% (BLK iShares unit files for the formation of a spot Bitcoin ETF), MARA +2.1% (BLK iShares unit files for the formation of a spot Bitcoin ETF), BLK +1.3% (BLK iShares unit files for the formation of a spot Bitcoin ETF), BNTX +0.9% (FDA panel of advisors recommend updated COVID shots for fall and winter target XBB variant, according to CNBC), NVAX +0.5% (to Deliver Protein-based Monovalent XBB COVID Vaccine), FANG +0.3% (CEO sold 11600 shares), TALO +0.1% (names new CFO), PFE +0.1% (FDA panel of advisors recommend updated COVID shots for fall and winter target XBB variant, according to CNBC), CNX +0.1% (to sell assets in Appalachian basin for $125 mln), DLO +0.1% (says it had positive talks with Argentine govt), BLD +0.1% (CEO sold 4473 shares), BUD +0.1% (CEO to launch summer ads reinforcing Bud Light brand)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CBT -7.7% (withdraws FY23 EPS outlook; provides update on demand landscape)
Companies trading lower in after hours in reaction to news: TIGO -6.3% (TIGO discussions with APO re potential acquisition have been terminated), CWAN -3.3% (files for 10 mln share offering by selling shareholders), RCEL -2.5% (names new CFO), LXRX -1.9% (FDA approves INPEFA), CTRA -1.4% (CFO to retire; names new CFO), DIS -0.5% (CFO to step down), OTLY -0.4% (files for 22,424,755 ADSs by selling shareholders), MRNA -0.3% (FDA panel of advisors recommend updated COVID shots for fall and winter target XBB variant, according to CNBC), ORCL -0.3% (laying off hundreds, rescinding job offers, and cutting open positions in its Cerner Health unit, according to Business Insider), CBOE -0.2% (CEO sold 8000 shares), GOOG -0.1% (SQSP to acquire assets associated with GOOG Domains business), UPS -0.1% (Teamsters expected to authorize UPS strike this summer, according to TheHill), GT -0.1% (radial tire to be one of the approved fitments for the new Airbus A321XLR), COST -0.1% (CFO sold 1500 shares)