After Hours Summary: Busy earnings night, MS names new CEO; PI +18%, FLEX +9.6%, NOW +5.2%, IBM +1.3% higher on earnings; ALGN -23.3%, MXL -10.9%, EW -6.6%, WHR -5.1%, META -1.2% lower on earnings; EDR +24.2% pops on strategic review
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PI +18%, NOVA +12.4%, FLEX +9.6% (also to spin off remaining interest in NXT), EGBN +7.5%, FIBK +5.8%, FLS +5.7%, NOW +5.2% (also announces strategic partnership to power GCCs), CMPR +5.2%, CCS +5.1%, CNMD +4.7%, ETD +4.4%, TNET +4.2%, WFG +4.1%, ORLY +4%, NTGR +3.5%, PEGA +3.4%, LXFR +2.9% (also initiates strategic review), CASH +2.6%, AGI +2.4%, BKR +2%, ESI +2%, PLXS +2%, ROL +2%, STC +2%, BHE +1.9%, KRC +1.9%, CHDN +1.4%, CVBF +1.3%, IBM +1.3%, VMI +1.3%, EPR +1.2%, EQT +1.1%, AR +1%, SUI +1%, AM +0.8%, TROX +0.7% (also Co-CEO Jean-François Turgeon to retire), LC +0.4%, ASGN +0.2%, VICI +0.2%, AMP +0.1%, CP +0.1%, VLTO +0.1%, WCN +0.1% (also increases dividend)
Companies trading higher in after hours in reaction to news: EDR +24.2% (to evaluate strategic alternatives), CBUS +4.9% (files $200 mln mixed shelf securities offering), BIIB +3.4% (Eisai presents new LEQEMBI interim study results), VSTO +2.8% (Colt CZ Group discloses 5.7% active stake; may engage in discussions), CHH +2% (CHH calls on WH to engage in good faith M&A discussions), RKLB +1.7% (receives FAA authorization to resume launches from Launch Complex 1), AMSF +1.6% (declares special dividend of $3.50/sh), DTC +0.8% (CFO to step down; reaffirms guidance), MPC +0.8% (increases dividend), UPS +0.6% (UPS to acquire Happy Returns from PYPL), SIRI +0.5% (increases dividend), LUV +0.3% (reaches tentative labor deal with flight attendants), MRO +0.2% (increases dividend), LII +0.1% (acquires A.E.S. to expand commercial HVAC services)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ALGN -23.3%, SLP -14.5%, MXL -10.9%, MEOH -9.6%, MAT -8.3%, EW -6.6%, CYH -5.8%, WHR -5.1%, ALSN -4.8%, OII -4.7%, VKTX -4.6%, MYRG -4.5%, AGR -4.2%, FTAI -4%, ENSG -3.3%, KALU -3.1%, URI -2.8%, CLS -2.8%, GSHD -2.1%, CACI -2%, EIG -2%, PPC -2%, UCTT -2% (also acquires HIS Innovations Group), MAA -1.8%, LSTR -1.7%, QS -1.6%, NXT -1.5% (also announces plan to separate from FLEX), ATR -1.4%, WU -1.4%, META -1.2%, INVH -1.1%, KLAC -1%, TER -0.6%, EG -0.3%, EQIX -0.3% (also increases dividend), WH -0.3% (also CHH calls on WH to engage in good faith M&A discussions), MOH -0.1%
Companies trading lower in after hours in reaction to news: LIAN -1.2% (announces presentation of data from Phase 2a study of Infigratinib), DKL -0.8% (increases dividend), PYPL -0.2% (UPS to acquire Happy Returns from PYPL), MS -0.2% (Edward Pick will become CEO on Jan 1; James Gorman to become Exec Chairman)