After Hours Summary: ANET +13.8% jumps on earnings and stock split; FN +13.7%, UNVR +9.9%, CAR +5.1%, HLIT +5.1% also up on earnings; IBM to remain in Dow post spin-off; CHGG -27.7%, NBIX -6.8%, VRNS -4.7%, RMBS -3.4% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ANET +13.8% (also approves a 4-for-1 stock split), FN +13.7%, UNVR +9.9%, CAR +5.1%, HLIT +5.1%, CLX +4.9%, SPG +4.6%, VNOM +2.9%, ZI +2.8% (also stock offering), MCK +2.6%, GXO +2.5%, SKT +2.1%, BRKR +1.8%, BRX +1.8%, NTR +1.2%, WMB +1.1%, WFRD +1.1%, CRUS +0.9% (also CFO to retire), HOLX +0.6%, O +0.4%, RRX +0.2%, OGS +0.1%, PSA +0.1% (also acquires All Storage portfolio for $1.5 bln; also names new COO)
Companies trading higher in after hours in reaction to news: BCOV +7.9% (activist shareholder writes letter to co), FCX +2.3% (approves new $3 bln share repurchase program; also approves addition of a variable dividend), CNTX +2% (names new CFO), OLN +1.9% (approves new $1.0 bln share repurchase program), ALEX +1.7% (names new COO), SHLX +1.3% (common unit offering), EVLV +1.2% (names new CFO), MVST +1.2% (purchases new R&D center in Florida), NVTS +1% (NVTS and Xiaomi highlight alignment on future GaN applications), INVZ +0.8% (issues statement in light of recent trading activity), GNRC +0.8% (to acquire ecobee, which makes smart thermostats), ELY +0.6% (announces minority investment in Five Iron Golf), LTHM +0.5% (introduces proprietary LIOVIX lithium metal product), FUBO +0.4% (fuboTV and dentsu capture live sports fans on CTV by leveraging M1 data platform), AADI +0.4% (names new CFO), SSYS +0.3% (announces partnership with Ricoh USA to provide anatomic modeling services to healthcare facilities), LMT +0.3% (awarded $250 mln US Special Operations Command contract), VMW +0.2% (DELL completes planned spin-off of 81% equity ownership of VMW), EAF +0.1% (CFO retires), OEC +0.1% (to increase specialty carbon black prices), KAMN +0.1% (receives award to provide components to leading eVTOL company), GOOG +0.1% (starts negotiations with news publishers to license content in Europe)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CHGG -27.7%, SMLR -23.9%, BWXT -9%, NBIX -6.8%, LXU -6.5%, PNTG -5%, PLOW -4.7%, VRNS -4.7%, RIG -4.5%, LEG -3.4%, RMBS -3.4%, EVER -3.1%, MOS -1.9%, CACC -1.7%, FANG -1.2%, BCC -0.8%, NXPI -0.8%, AMRC -0.8%, MGY -0.7%, CVI -0.6%, SBAC -0.4%, BSM -0.2%
Companies trading lower in after hours in reaction to news: LEGN -9.8% (FDA extends PDUFA target date for ciltacabtagene autoleucel to Feb 28, 2022), IVC -7.4% (to be removed from S&P SmallCap 600), ABR -3.8% (stock offering), PI -3.1% (convertible notes offering), VRT -2.6% (stock offering), ACAD -1.6% (names new COO), NEP -1.3% (stock offering), IGT -0.6% (signs licensing deal with Authentic Brands, owner of Marilyn Monroe Estate), CRWD -0.2% (to acquire SecureCircle), AMZN -0.2% (TikTok TV app on Fire TV is now available), IBP -0.1% (acquires Denison Glass and Mirror), NP -0.1% (increases dividend), IBM -0.1% (to remain in Dow Jones Industrial Average after Kyndryl spin-off)