After Hours Summary: AVGO +16.3%, GAP +15.4% up big on earnings; WBA +5.6% on deal to go private; LUNR -28.9% as lander reaches moon, but status unclear; HPE -17.8%, BBAI -12.8%, COST -1.2% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AVGO +16.3%, GAP +15.4% (also increases dividend), GRNT +8.9%, WLDN +6.9%, VEL +5.9%, LOCO +5.4%, IDT +5.1% (also increases dividend), ASLE +4.7%, DOMO +2.8%, GWRE +0.4%, MLNK +0.1% (also authorizes new $129.5 mln share repurchase program)
Companies trading higher in after hours in reaction to news: ATYR +8.1% (announces positive review for Efzofitimod in Phase 3 study), WBA +5.6% (to be acquired by Sycamore Partners for $11.45/sh in cash + up to $3/sh additional payout), SCPH +5.2% (FDA approves sNDA expanding FUROSCIX indication to include edema), SII +2.6% (Toronto exchange approves buyback), MBLY +2% (Point72 Asset Mgmt (Steven Cohen) discloses 5% stake), NUVB +1.8% (files mixed shelf securities offering), CWT +1.6% (invests $471 mln in infrastructure in 2024), SLDB +1.6% (two stock offerings by selling shareholders), FORM +1.4% (partners with Delft Circuits to revolutionize quantum computing interfacing), BRBR +1.4% (authorizes new $300 mln share repurchase program), NVDA +1.1% (in sympathy with strong AVGO earnings), XERS +0.5% (files $250 mln mixed shelf securities offering), LVS +0.3% (Chairman/CEO Robert Goldstein to transition to senior advisor on March 1, 2026; co promotes COO Patrick Dumont to become new Chairman/CEO at that time), LDI +0.3% (CEO steps down), USAC +0.1% (names new COO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HPE -17.8%, BBAI -12.8%, SWBI -7.7%, FNKO -7.6%, PBPB -6.9%, COO -6.3%, IOT -3.8%, GHLD -2.9% (also declares $0.50/sh special dividend), COOK -2.8% (also names new CFO), ASUR -2.3%, COST -1.2%
Companies trading lower in after hours in reaction to news: LUNR -28.9% (lander reaches the moon, but its status is unclear, according to CNN), SERV -11.4% (files $300 mln mixed shelf securities offering), AKA -5% (to debut 7 new US Princess Polly stores in 2025), SRDX -1.8% (FTC sues to block GTCR's acquisition of SRDX, noting it is anticompetitive)