After Hours Summary: Banks rise as Fed says limits on dividends and buybacks will end for many on Jun 30; TLS +17.9%, PRGS +2.6% higher on earnings; SAIC -11.4%, BLNK -4.6% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AWH +24.9% (also announces agreement to evaluate miRNA technology in combination with current AWH technologies), TLS +17.9%, PRGS +2.6%, CEQP +2.6% (increases FY21 adj. EBITDA to $575-625 mln; also executes series of agreements to acquire 11.5 mln shares; also announces 6 mln share private placement)
Companies trading higher in after hours in reaction to news: NEXT +20% (signs term sheet for CO2 transportation and storage with OXY), ROOT +8.4% (Citron issues positive report), SRNE +0.9% (announces updated results of Phase 1b study of COVI-MSC), BFT +0.6% (receives stockholder approval for proposed combination with Paysafe), CLDT +0.5% (sells 10.3% interest in Innkeepers JV), HBAN +0.4% (TCF and HBAN receive shareholder approval for proposed merger), DIS +0.4% (S&P outlook revised to stable from negative on vaccination progress), GILD +0.3% (EMA validates MAA for sacituzumab govitecan-hziy as treatment for metastatic triple-negative breast cancer)
Banks rise as Fed says temporary limits on bank dividends and buybacks will end for most banks after Jun 30: C +1.2%, WFC +1%, USB +0.8%, JPM +0.7%, BAC +0.7%, TFC +0.1%.
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SAIC -11.4%, GAN -7.4%, BLNK -4.6%, OXM -0.3%
Companies trading lower in after hours in reaction to news: VUZI -14.5% (stock offering), ABR -3.3% (stock offering), TU -2.8% (announces C$1.3 bln equity offering on a bought deal basis), STLA -1.4% (considering whether to close one of two production lines at its Melfi car plant, according to Reuters), F -0.2% (to idle production of F-150 truck at Michigan plant through Sunday, according to Reuters), NLY -0.1% (to sell Commercial Real Estate business for $2.33 bln), VAR -0.1% (announces new investment in Israeli microcatheter developer Bend It Technologies), LW -0.1% (announces $250 mln investment to expand french fry processing capacity in China)