After Hours Summary: AMD +7.4%, FRSH +5.4%, SBUX +5.3%, ANET +2.3%, FSLR +2.2% higher on earnings; LMND -16.8%, OI -15.2%, PINS -11.6%, MSFT -3.1% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: POWL +23.5%, ACEL +17.2%, WGS +12.5% (also announces Whole Genome Sequencing product enhancements), MTCH +7.9%, PCRX +7.5%, AMD +7.4%, FRSH +5.4%, SBUX +5.3%, PRO +4.7%, CZR +4.3%, TFSL +3.6%, NOG +2.7%, PDS +2.6%, ANET +2.3%, FSLR +2.2%, QUAD +2%, NMIH +1.5%, QRVO +1.3%, NWE +1.1%, CP +1.1%, LC +1%, MOD +1%, ACGL +0.8%, MDLZ +0.7%, UNM +0.4% (also authorizes new $1 bln share repurchase program), EA +0.3%, WERN +0.3%, OVV +0.2%, UMBF +0.2%, AXS +0.1%, ZWS +0.1%
Companies trading higher in after hours in reaction to news: VST +13.1% (N.R.C. approves request to extend the operation of Comanche Peak), NVDA +3.9% (in sympathy with strong AMD earnings), PSN +2.1% (to acquire BlackSignal Tech for $200 mln), TECX +1.9% (FDA clears IND application for TX45), VVV +1.9% (authorizes new $400 mln share repurchase program), BIIB +1.2% (BIIB and ESAIY announce latest findings for lecanemab-irmb), CYH +0.9% (to sell three Pennsylvania hospitals), INTC +0.9% (planning to cut thousands of jobs, according to Bloomberg; also in sympathy with AMD earnings), UNM +0.4% (authorizes new $1 bln share repurchase program), FICO +0.3% (authorizes new $1 bln share repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ESS -24.5%, GRPN -17.3%, LMND -16.8%, OI -15.2%, NARI -13.6% (also CFO to retire, names new CFO), PEN -13.2%, PINS -11.6%, AX -9.1%, BXP -8.6%, DH -8.5%, VOYA -7.4%, WTTR -7.1%, ATEN -7%, TEX -6.8%, TX -6.7%, CRK -6.5%, ATRC -5.4%, AROC -4.9%, STAG -4.4%, INFA -4.2%, PSA -4.1%, WU -4%, SWKS -3.9% (also increases dividend), SYK -3.7%, LYV -3.5%, KAI -3.2%, MSFT -3.1%, FE -3%, DENN -2.6%, DV -1.8%, MEOH -1.7%, SW -1.6%, EQH -1.5%, UDR -1.4%, WPC -1.4%, HA -0.8%, EXR -0.7%, EQC -0.4%, CCCS -0.3%
Companies trading lower in after hours in reaction to news: FGEN -46.6% (announces topline results from two late-stage trials), PEPG -25.1% (data from CONNECT1-EDO51 Phase 2 clinical trial), MGNX -21.7% (MGNX achieves $100 mln in milestones from INCY related to progress of ZYNYZ; also provides Vobramitamab Duocarmazine update), FNA -5.4% (select financial statements should no longer be relied upon), SNAP -4.4% (in sympathy with weak PINS earnings), AWK -2.4% (to acquire Yerba Buena's water distribution system), TRVG -1.9% (acquires 30% equity interest in Holisto), META -1.8% (in sympathy with weak PINS earnings), DDOG -1.4% (in sympathy with weak MSFT results), SNOW -1.4% (in sympathy with weak MSFT results), WAL -1.2% (announces exec leadership and organizational structure changes), AMZN -1.2% (in sympathy with weak MSFT results), NRDS -0.7% (commits to a restructuring plan), GOOG -0.3% (in sympathy with weak PINS earnings)