After Hours Summary: APP +14%, EQIX +11.6%, SBGI +9.1%, KVYO +8.2%, ESTA +6.9% higher on earnings; CDLX -31.2%, EXAS -20.6%, BYND -14.9%, DUOL -12.9%, ARM -8.7%, ABNB -8% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: STKL +14.9%, APP +14%, EQIX +11.6%, BLBD +11.6%, BMBL +11% (also increases buyback authorization to $450 mln), MGNI +10.9%, INST +9.4%, ASLE +9.3%, SBGI +9.1%, KVYO +8.2%, ESTA +6.9%, BLND +6.4%, JXN +6.3%, EGHT +6%, STN +6%, MMS +5.8%, LESL +5.5%, COOK +5.3%, MKSI +5.3%, PETQ +4.8%, STE +4.2% (also announces restructuring), HPK +3.9%, VTLE +3.8%, HOOD +3.7%, RCUS +3.7%, HLIO +3.5%, IONQ +3.1%, FLNC +3%, MNKD +2.7%, CAKE +2.2%, KNTK +2.2%, SITM +2.1%, RVMD +1.8%, TTD +1.7%, KW +1.1% (also decreases dividend), TTEC +1.1%, NVEE +1.1%, NTR +1%, RUN +0.9%, PAAS +0.9%, FSK +0.7%, HL +0.7%, WES +0.7%, ET +0.4%, WTS +0.3% (also increases dividend), GNK +0.2%, KGS +0.2%, OR +0.2%, ACVA +0.1%, MRC +0.1%, RGNX +0.1%
Companies trading higher in after hours in reaction to news: HG +9.4% (to repurchase 9,124,729 shares owned by Blackstone), TPL +3.7% (files mixed shelf securities offering), PBPB +1.9% (files $75 mln mixed shelf securities offering), RVMD +1.8% (files for stock offering, relates to warrants), OR +0.2% (increases dividend), CNS +0.1% (reports April AUM)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CDLX -31.2%, EXAS -20.6%, BYND -14.9%, DUOL -12.9%, BGS -10%, ARM -8.7%, ABNB -8%, CPAY -8% (also to acquire Paymerang), SEDG -7.7%, MODG -7.6%, FWRD -7.1%, OSUR -5.8%, DVAX -5.6%, AZEK -5% (also to delay its 10-Q), HUBS -5%, METC -4.8%, DOX -4.6% (also announces a series of contract wins), QDEL -4.2% (also suspends 2024 financial guidance as new CEO assesses business), QNST -4.1%, AZTA -3.8% (also CEO to retire), IIPR -3.4%, MRVI -2.5%, MSEX -2.2%, CE -2%, AMC -1.7%, CRSP -1.7%, CXT -1.6%, NWSA -1.4%, ACAD -1.3%, CLSK -1.3%, CART -1%, NUS -1%, TKO -0.8%, STR -0.7%, SBRA -0.5%, VZIO -0.4%, CPK -0.2%, HMN -0.1%, ORA -0.1%, PYCR -0.1%
Companies trading lower in after hours in reaction to news: CTMX -39.9% (data from CX-904 Phase 1a study), EHAB -9.7% (concludes review of strategic alternatives; to remain independent), CMPO -8% (stock offering by selling shareholders), RXST -5.5% ($100 mln stock offering; also files mixed shelf securities offering), PCRX -4.5% ($250 mln convertible note offering), ARQ -4% (first sales contract for delivery of GAC), WAL -2.7% (files mixed shelf securities offering), FPI -0.5% (files $300 mln mixed shelf securities offering), PFE -0.4% (discloses cost realignment program), GENI -0.4% (files mixed shelf securities offering), COST -0.1% (reports April comps), RJF -0.1% (files mixed shelf securities offering)