After Hours Summary: AMBA +18%, JWN +7.2%, SMTC +6.2%, BOX +5.1% higher on earnings; NCNO -10.2%, PVH -7.1% lower on earnings; SHAK -1.3% to close 9 stores; ELF +2.8% authorizes new $500 mln share repurchase program
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WALD +36.2%, AMBA +18%, OOMA +7.5%, JWN +7.2%, SMTC +6.2%, BOX +5.1% (also authorizes new $100 mln share repurchase program), VNET +5%, TWFG +3.5%, S +2.4%
Companies trading higher in after hours in reaction to news: OCS +7.6% (stock offering by selling shareholder), DRS +5.5% (receives $117 mln US Army order for thermal weapon sights), HLX +4% (announces new contracts with PBR), AVPT +3.9% (commences offer to purchase all of its outstanding public warrants), ELF +2.8% (authorizes new $500 mln share repurchase program), SPIR +2.6% (provides update on new contracts), AVAV +2.3% (awarded $990 mln US Army contract), CIFR +2.1% (to acquire a new data center in West Texas), GEOS +1% (sells OBX-750E data acquisition nodes), UFPI +0.5% (CEO to become Exec Chairman; names new CEO; also CFO to add new role), WMT +0.2% (Walmart Marketplace accelerates growth; launches category expansion), NSP +0.1% (CFO to retire, names new CFO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NCNO -10.2%, PVH -7.1%, SHAK -1.3% (to close nine company-owned stores; reiterates Q3 and FY24 guidance)
Companies trading lower in after hours in reaction to news: LAMR -2% (increases dividend), ICL -0.6% (signs 5-yr agreement of ~$170 mln with AMP Holdings), GM -0.2% (adds another ex-Apple exec to oversee software unit, according to Bloomberg), SVM -0.1% (issues updated technical report)