After Hours Summary: Busy earnings session; MELI +10.2%, CDNS +9.5%, VRSK +7.3%, PANW +6% higher on earnings; CSGP -20.6%, RXT -13%, WK -10.2%, TDOC -6.6% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SKIN +13.7%, HIMS +13.1%, MELI +10.2%, CDNS +9.5%, VRSK +7.3%, MAXR +7.2%, NU +6.2%, PANW +6%, INDI +5.7%, RRC +4.7% (also reinstates dividend, authorizes $500 mln share repurchase program), EPR +4.6%, CZR +4.4%, VNOM +3.9% (also increases dividend), SPT +3.7%, PCOR +3.2%, RDN +2.6%, GKOS +2.4%, SPCE +2.4%, HCC +2.3%, KTOS +2.1%, TBLA +1.8%, TNDM +1.7%, CUTR +1.6%, FANG +1.5% (also increases dividend; also announces a series of leadership appointments and promotions), HTGC +1.4%, ESI +1.3%, PSA +1%, TXRH +1%, O +0.7%, TOL +0.4%, AGR +0.2%, BWXT +0.2%, BCC +0.1%, MTDR +0.1%
Companies trading higher in after hours in reaction to news: FUV +6.3% (begins operations in new RAMP manufacturing facility in Oregon), PANL +3.1% (names new COO), TPB +0.9% (increases dividend), NCNA +0.7% (completes enrollment for Phase III NuTide:121 study), CNHI +0.6% (announces updated 2024 strategic plan and presents 3-yr targets), ALEX +0.1% (increases dividend), VMI +0.1% (increases dividend), CWT +0.1% (receives approval by New Mexico Commission to acquire Morningstar Water System assets), AGI +0.1% (reports mineral reserves and resources for 2021), IBM +0.1% (files mixed securities shelf offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CSGP -20.6%, RXT -13%, WK -10.2%, TDOC -6.6%, API -5.7% (also approves $200 mln ADS repurchase program), MOS -5.5% (announces dividend target increase; also new $1 bln share repurchase program), RIG -1.8%, PUMP -1.5%, NHI -1.2%, NDSN -1%, LPI -0.9%, PEN -0.7%, EXAS -0.6%, QUAD -0.6%, BTG -0.4%, JBT -0.2%, PEB -0.2%, ACC -0.1%, PGRE -0.1%, RNG -0.1%, SHO -0.1%, ROG -0.1%
Companies trading lower in after hours in reaction to news: MRNS -12.3% (to delay RAISE Phase 3 trial in status epilepticus and associated IV ganaxolone clinical trials), OCGN -12.1% (stock offering), MRNA -0.2% (announces distribution agreement covering Latin America), VSH -0.1% (CEO to retire; names new CEO and COO to take over on Jan 1), FLR -0.1% (files mixed securities shelf offering), BAK -0.1% (acquires minority equity interest in SPEs engaged in wind power)