After Hours Summary: AMAT -1.1% lowering guidance is the big headline, dragging down some chip equipment peers; QDEL +7.3% higher on bullish guidance; BMRN +3.4% as FDA accepts resubmission of BLAAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: QDEL +7.3% (guides Q3 revs well above consensus), DCT +7.1%, VSCO +3.2%, ORC +1.9% (also increases repurchase authorization by 4.3 mln shares), TWO +0.3%
Companies trading higher in after hours in reaction to news: DWAC +6.2% (Google approves Truth Social for its Play Store, according to Axios), BMRN +3.4% (FDA accepts resubmission of BLA for its investigational AAV gene therapy), LIAN +2.2% (LIAN and BBIO provide update on Truseltiq), KLIC +1.4% (in sympathy with lowered AMAT guidance), SSSS +1.3% (provides Q3 prelim investment portfolio update), IGT +0.8% (signs contract extension with the Georgia Lottery), LUV +0.7% (technician union votes in favor of new labor deal), MN +0.3% (reports Sept AUM), MLNK +0.1% (EFX expands integration of The Work Number with MLNK), EGO +0.1% (reports Q3 gold production)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: TMST -1.2%, AMAT -1.1% (lowers guidance for OctQ due to new export regulations re China; also expects JanQ to see similar impact)
Companies trading lower in after hours in reaction to news: TTCF -6.5% (to restate earnings), SIGA -0.7% (provides update on clinical trials to assess use of TPOXX for monkeypox), GNRC -0.7% (COO to step down), KLAC -0.3% (in sympathy with lowered AMAT guidance), LRCX -0.3% (in sympathy with lowered AMAT guidance), SPNT -0.2% (names new CFO), INTC -0.1% (in sympathy with lowered AMAT guidance)