After Hours Summary: Busy earnings session; CDNA +23.2%, CHRW +11%, CVNA +10.1%, META +7.1% higher on earnings; ARM -13.4%, TENB -10.7%, WDC -4.8%, MGM -4.7%, QCOM -1.4% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CDNA +23.2%, MAX +19.5%, OLO +19.4%, RSI +16.9%, NOVA +14%, ZETA +13.8%, EOLS +12.7%, CHRW +11%, CVNA +10.1%, ENVX +10.1% (also signs deal with EV OEM; also signs collaboration to provide silicon batteries for IoT product category), EXAS +9.5% (also signs license agreement with TwinStrand Biosciences), PPC +7.6%, META +7.1%, TMDX +7%, QDEL +6.9%, RELY +6.2% (CFO to step down, names new CFO), FMC +5.5%, ALKT +5.4%, AGI +5.2%, EVTC +4.6%, TTEK +4.6%, GRBK +4%, CODI +3.8%, ETD +3.5% (also approves special dividend of $0.40/sh), AM +3.3%, SDGR +3.2%, MCW +2.8%, VAL +2.8%, EPR +2.7%, ALGT +2.6%, QTWO +2.6%, COMP +2.3%, KRC +2.2%, ACT +2.2%, APA +2.1%, KD +2%, BBSI +2%, BKH +1.7%, EXPI +1.7%, COHU +1.6%, GT +1.4%, NFG +1.4%, RDN +1.1%, TSLX +1.1% (also supplemental dividend), BV +1%, NMFC +0.9%, MKL +0.9%, ACHC +0.8%, ANSS +0.8%, ERII +0.8% (also names new CFO), ETSY +0.7% (also CFO to retire), AEM +0.6%, MET +0.4%, CAKE +0.3%, EBAY +0.3%, FORM +0.3%, PK +0.3%, CTSH +0.2%, CWAN +0.1%, SUI +0.1%
Companies trading higher in after hours in reaction to news: SNAP +5.1% (in sympathy with META earnings), HWKN +4.3% (increases dividend), ASTL +1.8% (Zekelman Industries discloses 5.02% active stake), HIVE +1.1% (to develop 100 mw hydroelectric data center in Paraguay), PINS +1% (in sympathy with META earnings), MPLX +1% (MPLX, ENB joint venture partners with TRGP to construct pipeline), ENB +0.3% (MPLX, ENB joint venture partners with TRGP to construct pipeline), AVDL +0.1% (first patient has been dosed in REVITALYZ), SSD +0.1% (CFO to retire), KWR +0.1% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ATEC -20.1%, UDMY -17.2% (also announces cost saving measures), TDOC -15.7% (also withdraws guidance), ARM -13.4%, LAB -13.4% (also CFO to resign), CFLT -11.1%, TENB -10.7%, MDXG -10.5%, NRDS -10.3%, MYRG -7.5%, AUR -7.5% (also commences $350 mln stock offering; also cancels business review conference call), CGNX -6.5%, ACLS -6.4%, SON -6.3%, SNBR -5.9%, CTVA -5.5% (also CFO to retire, names new CFO; also plans to buyback $1 bln of shares in FY24), WDC -4.8%, MGM -4.7%, CCRN -4.6%, VAC -4.2%, PTC -3.3%, PRDO -3.2%, CNMD -3.1%, FICO -3%, IR -2.9%, PGRE -2.8%, GKOS -2.6%, LRCX -2.6%, TS -2.6%, RGR -2.5%, SAGE -2.5%, SCI -2.5%, NGVT -2.1% (also to advance repositioning and improve profitability of its Performance Chemicals segment), INVA -2.1%, VET -1.9%, CWH -1.7%, KGC -1.6%, BALY -1.4%, QCOM -1.4%, MTG -1.3%, ALB -1.2% (also launches review of cost and operating structure; includes announces actions on Kemerton site in Australia), MAA -1.2%, RIOT -1.2%, PTVE -0.8%, HST -0.7% (also acquires hotel), AWK -0.6%, AVB -0.5%, IRT -0.4%, AIG -0.3%, EIG -0.2%, HLF -0.2%, JAZZ -0.2%, PAYC -0.2% (also increases share buyback authorization to $1.5 bln), RIG -0.2%, SRI -0.2%, ALL -0.1%, MUSA -0.1%, RHP -0.1%, VICI -0.1%
Companies trading lower in after hours in reaction to news: ALXO -30.2% (reports topline data from ASPEN-06 Phase 2 Trial), OCGN -8.9% (stock offering), HES -1.8% (CVX and HES remain committed to merger), CVX -1.6% (CVX and HES remain committed to merger), SGH -1.1% ($150 mln convertible notes offering), AVA -0.4% (makes annual price adjustment filings in Idaho), DRS -0.1% (awarded a contract by the U.S. Navy), CACI -0.1% (awarded $319 mln US Army task order)