After Hours Summary: ALGN +12.5%, CLS +8.2%, META +7.7%, LRCX +2% higher on earnings; PI -16.7%, MXL -9.1%, CMG -8.7%, NOW -3.7% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ALGN +12.5%, CLS +8.2%, META +7.7%, ENVX +7.6% (also establishes R&D center in India; also sign manufacturing deal with YBS Intl), NXT +7.3%, CASH +4.6%, IMAX +4.3%, TNET +3.5% (also authorizes an incremental $1 bln for share repurchases), CMPR +3.4%, ASGN +3.3%, WU +2.5%, CNMD +2.4%, EG +2.3%, AGI +2.2%, AR +2.2%, NTGR +2.1%, AEM +2%, CLB +2%, LRCX +2%, TER +1.8%, NOV +1.6%, VICI +1.6%, MC +1.3%, MYRG +1.2%, ACGL +1.1%, SLM +0.9% (also acquires several key assets of Scholly), CHDN +0.7%, LSTR +0.7%, QS +0.7%, AM +0.6%, STAG +0.2%, WH +0.1% (also increases share repurchase authorization by $400 mln), BRKL +0.1%
Companies trading higher in after hours in reaction to news: NOA +3.5% (to acquire MacKellar Group for an $395 mln; also reports earnings), VRCA +1.8% (closes $125 mln debt financing), AJRD +1.4% (LHX says FTC will not block AJRD acquisition; expects to close deal on or about July 28), ACN +1% (NOW, NVDA and ACN launch AI Lighthouse), LMT +0.7% (awarded $489 mln US Navy contract modification), MDWT +0.6% (shareholders approve takeover), HTZ +0.3% (names new CFO), DKL +0.2% (increases dividend), ALSN +0.1% (wins US Army contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OII -23.5%, PI -16.7%, EYE -9.3%, MXL -9.1%, GGG -9%, CMG -8.7%, NOVA -7.1%, LC -6.9%, CSL -6.7%, EW -6.3%, PLXS -5.2%, EBAY -4.5%, PTEN -4.5%, RJF -4.5%, ESI -4.3%, IEX -4.2%, VKTX -4.1% (also files mixed shelf securities offering), VSTO -3.8%, NOW -3.7% (also launches AI Lighthouse with NVDA and ACN), URI -3.6%, ATEN -3.6%, MOH -3.5%, HP -3%, PTC -2.9% (also names new CEO), FIX -2.5% (also increases dividend), ORLY -2.5% (also names new CEO), TROX -2.5%, ICLR -2.4%, AGR -2%, FTAI -2%, STX -2%, VMI -1.8%, WFG -1.8%, MAT -1.6%, SEIC -1.5%, EIG -1.4% (also authorizes new $50 mln share repurchase program), ROL -1.2%, EQC -1.1%, PEGA -1.1%, PDM -0.7%, FLEX -0.6%, GFL -0.6%, MEOH -0.5%, AWK -0.4%, CHE -0.3%, NLY -0.2%, NEU -0.1% (also increases dividend)
Companies trading lower in after hours in reaction to news: TAK -1.3% (NEJM publishes data from phase 2 study of TAK-994), BBIO -1.2% (stock offering by selling shareholders), FLR -0.7% (awarded contract by Mitsubishi Chemical), AMZN -0.2% (Amazon Fresh grocery store chains to eliminate "hundreds" of employees according to WaPo), NVDA -0.1% (NOW, NVDA and ACN launch AI Lighthouse), NNI -0.1% (awarded GSA schedule to expand support for govt agencies)
