After Hours Summary: Busy earnings session; big names are DIS +2.8%, ARM -7.8%, CART +0.9%; PUBM +19.3%, CDNA +18.5%, APP +17.7%, AFRM +9.5%, DUOL +8.2%, ZIP +7.8%, TWLO +7.3% higher on earnings; CDLX -34%, MODG -17.7%, KRUS -16%, APPS -14.7% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PUBM +19.3%, CDNA +18.5%, APP +17.7% (also CFO to step down, names new CFO), BE +16.8%, RAMP +15%, PYCR +14.2%, SPCE +13.2%, NTRA +10.1%, AFRM +9.5%, TTGT +9.4%, DUOL +8.2%, ZIP +7.8%, VSAT +7.6%, TWLO +7.3%, ADMA +7.2%, COOK +7%, HUBS +6.7%, INFN +6.4% (also to delay 10-Q filing), JXN +6.4%, SILK +6.1%, CYRX +5.4%, CPRX +5.1%, LGND +5%, RGNX +4.9%, MARA +4.9%, SUPN +4.6%, MFC +3.9%, BGS +3.1% (also sells its Green Giant US shelf-stable vegetable product line to SENEA), DIS +2.8%, HBM +2.4%, KGS +2.1%, TTWO +1.8%, MGM +1.6% (also authorizes new $2 bln share repurchase program), RKLB +1.6% (also sets next electron launch window; also signs launch services agreement with DoD), ORA +1.3%, ENS +1.1% (also wins 50 unit order), CART +0.9%, GNK +0.7%, KGC +0.3%, HP +0.1%, JAZZ +0.1%
Companies trading higher in after hours in reaction to news: SPCE +13.2% (to cut 18% of its workforce), CNM +5.4% (to join S&P MidCap 400), PNT +1.2% (LLY extends tender offer to acquire PNT), TAK +0.8% (receives FDA approval for FRUZAQLA), PR +0.5% (stock offering by selling shareholders), MNST +0.3% (authorizes new $500 mln share repurchase program), LLY +0.2% (LLY extends tender offer to acquire PNT), DDOG +0.1% (expands strategic partnership with Google Cloud and integrates with Vertex AI)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CDLX -34%, MODG -17.7%, KRUS -16%, APPS -14.7%, BIRD -14.2%, LAZR -10.1%, RVNC -9.7%, ASLE -8.3%, ARM -7.8%, CUTR -7.5%, PRA -6.1%, AMC -5.9%, DIOD -5.9%, ENV -5.8%, G -5.7% (also CEO to retire, names new CEO), UHAL -5.6%, OFIX -5.1%, ME -4%, DNA -3.3%, FLT -3%, LPSN -2%, ZD -2%, XENE -1.9%, EHTH -1.9%, CDE -1.7%, FNV -1.2%, BYND -1.1%, LYFT -1.1%, ASH -0.8%, JAMF -0.8%, STKL -0.8%, STR -0.7% (also increases dividend), IONQ -0.6%, CTVA -0.3%, GNW -0.3%, KNTK -0.3%, BTG -0.2%, FICO -0.1%, WOW -0.1%
Companies trading lower in after hours in reaction to news: ATRA -58.7% (presents data from Phase 2 EMBOLD trial of ATA188; did not meet primary endpoint), SMR -24.6% (SMR to terminate the Carbon Free Power Project), BILL -13.5% (nearing $1.95 bln deal for Melio, according to Bloomberg), CCCS -7.2% (50 mln share offering by Advent, includes concurrent stock repurchase), MYGN -4.4% (files mixed shelf securities offering; also $100 mln stock offering), LAW -2.1% (new licensing agreement with Fastcase), THR -2% (names new non-executive Chairman), NCLH -1.3% (stock offering), OR -1.2% (names new CEO, also reports earnings), KSS -1.1% (board chair to retire, names new board chair), FATE -0.4% (files $300 mln mixed shelf securities offering), MS -0.4% (wealth mgmt unit under scrutiny by Fed according to WSJ), SNAP -0.3% (laying off nearly 20 product managers, according to The Information), SENEA -0.1% (acquires Green Giant US shelf-stable vegetable product line from BGS), STN -0.1% (named as a supplier for two lots on South West Water framework)