After Hours Summary: Busy earnings session; SNAP -19.5%, INTC -19.3%, AMZN -6.3%, BKNG -5.3% among the big names heading lower; TNDM +24%, DASH +12.9%, TWLO +6.7%, SQ +5.5%, ROKU +4.8% trading higher
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: TNDM +24%, IAS +16.3%, ARDX +13.3%, DASH +12.9%, MELI +12.5%, NET +11.6%, WLDN +10.4%, SIGA +9.4%, MPWR +7.1%, TWLO +6.7%, GDDY +6.5%, RARE +6.5%, AAON +5.9%, MTZ +5.7%, SQ +5.5%, CIVI +5.1% (also to sell its Cab Structures business), RLJ +4.9%, ROKU +4.8%, CLX +4.4%, MSTR +4.3% (also files Class A common stock offering), BFAM +4%, DORM +3.5%, VIR +3.1% (also enters into license agreement with SNY), COIN +2.8%, MATX +2.7%, LOCO +2.3%, RGNX +2%, TVTX +1.9%, VCTR +1.9%, DKNG +1.6% (also authorizes new $1 bln share repurchase program), PRCT +1.6%, RNG +1.6%, SNCY +1.5%, RGA +1.4%, SAND +1.2%, AAPL +0.9%, FND +0.9%, SKT +0.9%, EOG +0.8%, SNDX +0.8%, BBAI +0.7%, MIR +0.5%, AXNX +0.5%, MARA +0.4%, CABO +0.2%, BIO +0.1%, HTGC +0.1%
Companies trading higher in after hours in reaction to news: CRUS +4.8% (in sympathy with AAPL earnings), CLLS +4.2% (FDA grants Orphan Drug Designation to CLLS52), VIGL +2.7% (publication reports new data on CSF1R gene variants), PHIN +2.5% (increase share repurchase auth by $250 mln), WMG +2.2% (announces reorganization of Recorded Music ops), TVTX +1.9% (files mixed shelf securities offering), BANC +1.6% (Warburg Pincus amends 13D disclosing 9.88% active stake), BCC +1.2% (increases dividend), LZM +1% (files $250 mln stock offering, relates to warrants; also files for offering by selling shareholders), AVGO +1% (in sympathy with AAPL earnings), ZYME +0.9% (authorizes new $60 mln share repurchase program), LIND +0.6% (stock offering by selling shareholder), CSL +0.5% (increases dividend), SNY +0.4% (enters into license agreement with VIR)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PCOR -19.7%, SNAP -19.5%, INTC -19.3% (also suspends dividend; announces $10 bln cost reduction plan, including headcount reduction greater than 15%), XPOF -17.6%, FOXF -13.2%, TEAM -13.2%, LXRX -11.9%, TPC -10.2%, CTOS -8.8%, OPEN -8.5%, CC -7.8%, BECN -6.4%, AMZN -6.3%, NXT -5.9%, BKNG -5.3%, VREX -5.3%, IRTC -5% (also CFO to step down, names new CFO), AL -4.9%, OLED -4.8%, WSC -4.8%, LMAT -4.7%, ADPT -4.5%, CWST -4.2% (also acquires two solid waste businesses), CE -4%, CRSR -3.4%, MP -3%, TROX -2.9%, OEC -2.6%, BZH -2.2%, SPT -2.1%, ACA -1.9% (also to acquire the construction materials business of Stavola for $1.2 bln), OHI -1.6%, SIMO -1.5%, SPXC -1.5%, X -1.5%, HCC -1.4%, SWN -1.3%, ALHC -1.2%, CUBE -1.2%, DRQ -1.2%, RYAN -0.9% (also to acquire US Assure Services of Florida), WK -0.9% (also announces inaugural $100 mln share repurchase program ), RKT -0.7%, CTRA -0.6%, GEN -0.6%, LEG -0.5%, ALTR -0.4%, ACCO -0.2%, POST -0.1%, PRU -0.1%, VTR -0.1%
Companies trading lower in after hours in reaction to news: SUPN -4.8% (resubmits its NDA for SPN-830), ABNB -2.4% (in sympathy with BKNG earnings), PINS -2% (in sympathy with weak SNAP earnings), EXPE -1.3% (in sympathy with BKNG earnings), GOOG -1.1% (in sympathy with weak SNAP earnings), DLNG -0.3% (files $350 mln mixed shelf offering; also files for 15,595,000 common units by selling unitholder), WBA -0.3% (WBA sells $1.1 bln of COR shares), ETN -0.2% (files mixed shelf securities offering), ROAD -0.1% (acquires Robinson Paving)