After Hours Summary: Busy earnings night; SOUN +16.6%, TOST +13%, RPD +10.6%, PETQ +8.2%, TWLO +8.1%, AKAM +6.5%, DUOL +5.8% higher on earnings; DOCS -21.8%, UPST -20.4%, ZIP -9.7%, SMCI -9.3%, LYFT -5.9% lower on earnings; PENN +17.4% jumps on ESPN dealAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SOUN +16.6%, MQ +16.3% (also signs extension SQ to continue powering its Cash App card), BOOM +15.7%, CELH +13.7%, TOST +13%, AZTA +12.7%, ARRY +12%, VUZI +11.5%, RPD +10.6%, AXON +9.5%, LPSN +9% (also CEO steps down), PETQ +8.2%, TWLO +8.1%, BIRD +7.8%, CTOS +7%, AMPL +6.9%, MRTX +6.9% (also CEO steps down; also files $250 mln common stock offering), AKAM +6.5%, VCYT +6%, DUOL +5.8%, LGND +5.8%, CDNA +5%, FLYW +4.6% (also CFO to step down in 2024), GO +4.6%, TMCI +4.6%, RKLB +4.2% (also signs a block buy deal for five Electron launches with BlackSky), CPNG +4.1%, HALO +3.9%, BLNK +3.4%, TWNK +3.4%, TTWO +3.3%, ESTA +2.8%, MEG +2.3%, OSCR +2.2% (also names new CFO), LAZR +1.8%, CLDX +1.8%, KIND +1.8%, BHF +1.7%, BL +1.5%, CMP +1.4%, VRDN +1.3%, QDEL +1.1%, BW +1%, DHT +1%, IPAR +1%, EDR +0.9%, IRBT +0.9%, RIVN +0.9%, QGEN +0.7%, MTTR +0.3%, VTLE +0.3%, DNLI +0.3%, VVX +0.2%, VZIO +0.2%, ICHR +0.1%
Companies trading higher in after hours in reaction to news: PENN +17.4% (enters into online sports betting agreement with ESPN), SCPL +14.8% (LNW to acquire remaining stake in SCPL it does not already own), SKLZ +4.3% (CEO bought 75000 shares), ICVX +3.1% (provides update from its Phase 1b extension trial of IVX-121), ATAI +2.9% (announces results from Phase 1 study of PCN-101), SNV +2.8% (KKR acquires $373 mln of prime auto loans from SNV), WMC +2.4% (MITT to acquire WMC), CWEN +1.5% (files mixed shelf securities offering), BFLY +1% (files $300 mln mixed shelf securities offering), GNRC +0.5% (discloses receipt of grand jury subpoena from DOJ related to Consumer Product Safety Act)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: DOCS -21.8% (also announces 10% workforce reduction), UPST -20.4%, ASLE -16.8%, ANGI -15.8%, BLFS -13.5%, PUBM -11.2%, IAC -10.6%, ZIP -9.7%, MODG -9.3%, SMCI -9.3%, DIOD -8.7%, TWOU -8.2%, LPRO -6.8%, LZ -6.5%, EGHT -6.2%, LYFT -5.9%, CRCT -5.8%, CUTR -5.6%, PDFS -5.6%, BARK -5.4%, JAMF -5.3%, RVNC -4.9%, ACCO -4.8% (also CEO to retire, names new CEO), DXPE -4.8%, SUPN -4.4%, EBS -3.7%, MASI -3.3%, APPS -2.8%, BBAI -2.8%, JXN -2.8%, BMBL -2.7%, RXT -2.7%, DAR -2.1%, SLF -2.1%, AGTI -2%, LNW -2%, HHC -2%, KLIC -1.8% (also collaboration with TSMT; expands collaboration with UCLA CHIPS), STR -1.7%, USPH -1.6%, PODD -1.4%, ME -1.2% (also announces 11% workforce reduction), EXFY -1%, WES -1%, HL -0.8%, TALO -0.6%, GNW -0.6% (also expands share buyback auth by $350 mln), BROS -0.2% (also names new CEO), HRT -0.2%, NHI -0.2%, HBM -0.1%, IOVA -0.1%, PRA -0.1%, VTEX -0.1%
Companies trading lower in after hours in reaction to news: GRND -12.7% (reschedules earnings release date), ATRO -7.2% (initiates $30 mln ATM equity offering program), GTES -6.8% (15 mln share offering), NS -5.2% (12 mln share offering), LNW -2% (LNW to acquire remaining stake in SCPL it does not already own), PKST -2% (files mixed shelf securities offering), MITT -1.9% (MITT to acquire WMC), BSX -1.6% (FDA approves POLARx Cryoablation System), TERN -1.3% (provides update on Phase 2a trial of TERN-501), MCRB -1.2% (files $300 mln mixed shelf securities offering), XFOR -0.6% (names new CMO), KKR -0.3% (KKR acquires $373 mln of prime auto loans from SNV), CLW -0.1% (names new CFO)