After Hours Summary: ADEA +5.8% after resolving litigation with NVDA; CASY +2.8% up on earnings; SGHT -25% down on guidance, ORCL -9.1% falling after AugQ earnings; CVS -0.8% slipping on reaffirmed FY23 outlook
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CASY +2.8%, AVO +0.8%
Companies trading higher in after hours in reaction to news: ADEA +5.8% (resolves litigation), DRTS +4.8% (stock offering), DDD +3.6% (delivers enhanced proposal to Stratasys), DM +1.6% (selling production system P-50), QSR +1.6% (renews Coca-Cola relationship), WSC +1.1% (stock offering), GERN +0.9% (CFO to retire, names new CFO), FNGR +0.7% ($300 mln mixed shelf), HUMA +0.5% (to announce top-line data tomorrow), FLAG +0.3% (to complete business combination with CLDI), CNS +0.1% (reports preliminary AUM)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SGHT -25% (guidance), ORCL -9.1%, BIOX -5.4%, CVS -0.8% (guidance)
Companies trading lower in after hours in reaction to news: SLRN -61.5% (primary endpoint of HiSCR75 did not meet statistical significance), AMPH -8.8% ($300 mln convertible stock offering), KNOP -3% (files mixed shelf), AER -2.9% (stock offering), AMK -2.2% (issues August report), BKD -1.8% (August occupancy update), OGS -1.1% (stock offering), SWAV -1% (CFO to retire), CRNX -0.5% ($250 mln stock offering), NVDA -0.3% (NVIDIA leverages AI hardware to generate cloud software revs, according to The Information), LAW -0.1% (CEO to step down), GD -0.1% (awarded $227 mln Air Force contract)