After Hours Summary: AFRM +27.7%, TOST +4.1% higher on earnings; HOOD jumps +23.9% as fund takes 7.6% stake; FIGS -27.1%, NEWR -9.8%, TBLA -8.8% fall on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AFRM +27.7% (also announces multi-year extension of exclusive partnership with SHOP in the US), PAYO +15.3%, HRT +13%, EDR +11.7%, INDI +11.1%, COMP +9.6% (also CFO to leave co), DUOL +9.4%, TOST +4.1%, ACET +2.3%, VZIO +2.1%, MSI +1.4%, NVTS +0.7%, VTEX +0.7%, CDRE +0.5%, LZ +0.2%, MLNK +0.1%
Companies trading higher in after hours in reaction to news: HOOD +23.9% (Emergent Fidelity Technologies discloses 7.6% active stake; Sam Bankman-Fried, CEO of crypto exchange FTX, is majority holder in fund), DVAX +9.5% (to join S&P SmallCap 600), AOSL +9% (to join S&P SmallCap 600), COIN +6.5% (in sympathy with HOOD news), OI +3.9% (completes sale and leaseback transaction), HBM +0.7% (receives court ruling regarding Rosemont copper project), CHPT +0.6% (stock offering), EXFY +0.4% (authorizes $50 mln share repurchase program), BOX +0.3% (files for offering related to possible conversion of preferred shares)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FIGS -27.1%, NEWR -9.8% (also CFO to retire), TBLA -8.8%, ENFN -6%, PAM -2.2%, BLND -2.1%, LAW -1.7%, MCW -1.4%, UP -1.2%, RYAN -0.4%, POSH -0.2%, HLI -0.1% (also increases dividend and authorizes new $500 mln share repurchase program)
Companies trading lower in after hours in reaction to news: IRT -3.6% (to move to S&P MidCap 400 from S&P SmallCap 600), EDIT -1.8% (FDA grants Orphan Drug Designation to EDIT-301), UNP -1.4% (increases dividend), GM -0.3% (to increase wages at Mexico plant, according to Bloomberg), SHOP -0.2% (AFRM announces multi-year extension of exclusive partnership with SHOP in the US), MYE -0.1% (acquries molding manufacturing assets of Step2), PAG -0.1% (increases dividend, increases share repurchase authorization to $250 mln), WSR -0.1% (files for $500 mln mixed securities shelf offering)