After Hours Summary: AI -18.1%, OKTA -15.6%, VSCO -11.9%, CRWD -11.3%, CRM -6% lower on earnings; CHWY +13.1%, JWN +7%, VEEV +6.9%, PSTG +6.2%, NTAP +5.2% higher on earnings; LCID -7.5% falls on offeringAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CHWY +13.1%, JWN +7%, VEEV +6.9%, PSTG +6.2%, NTAP +5.2% (also authorizes addiitonal $1 bln share repurchase program), CRDO +0.6%, PHR +0.4%
Companies trading higher in after hours in reaction to news: KRP +3.7% (files for 5,926,520 common unit offering by selling shareholders), CLLS +2.1% (announces publication of artcile on UCART20x22), SWK +2% (exploring a sale of unit that makes excavator buckets, according to Bloomberg), ZIP +1.2% (to reduce headcount by 270; reaffirms guidance), CRON +1.1% (to exit existing US hemp-derived CBD-focused ops), RKLB +0.9% (to launch the LEO 3 satellite for TSAT), DHT +0.3% (acquires vessel), PFE +0.2% (FDA approves Pfizer's RSV vaccine for older adults), MSA +0.1% (names new COO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AI -18.1%, OKTA -15.6%, VSCO -11.9%, NCNO -11.6%, CRWD -11.3% (also granted Impact Level 5 Provisional Authorization from DoD), CRM -6%, PVH -5.3%
Companies trading lower in after hours in reaction to news: LXRX -14.5% (stock offering), LCID -7.5% (commences public offering and investment by PIF; gross proceeds of $3 bln), OB -1.5% (cuts workforce by 10%), AGI -0.3% (files for $500 mln mixed securities shelf offering), KMI -0.1% (to expand working gas storage capacity at its Markham facility)