After Hours Summary: Busy earnings session; SQ +14.1%, DASH +10%, MCHP +9.3%, OLED +8.9%, MNST +5.4%, EXPE +3.3% higher on earnings; TEAM -21.7%, TWLO -18%, CVNA -10.2%, PYPL -9.2% lower on earnings; APLS -16.8% drops on NDA amendmentAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CUTR +23.4%, TMDX +19.7%, SQ +14.1%, PODD +10.4%, DASH +10%, VIR +9.9%, MCHP +9.3% (also increases dividend), OLED +8.9%, IHRT +7%, BE +6.9%, EXAS +6.7%, PGNY +6.6%, MNST +5.4% (also authorizes new $500 mln share repurchase program), UPLD +5.2%, COLD +5%, CGNX +4.6% (also increases dividend), ALHC +4.5%, STEM +4.1%, CDXS +4%, MELI +4%, MP +4%, COIN +3.9%, LYV +3.4%, EXPE +3.3%, MODG +3.2%, CTVA +3.1%, FATE +3.1%, BECN +2.2%, SBUX +1.9%, SPCE +1.9%, CRSR +1.7%, AOSL +1.5%, MNTV +1.4%, DBX +0.8%, MSI +0.8%, DOUG +0.7%, TPIC +0.7%, KWR +0.5%, OEC +0.5%, SDGR +0.4%, DRH +0.2%, DXC +0.2%, RMAX +0.2%, AEE +0.1%, AES +0.1%, AL +0.1%, ATSG +0.1%, CODI +0.1%, FRT +0.1%, HMN +0.1%
Companies trading higher in after hours in reaction to news: RKLB +4% (selected by Inmarsat as partner to develop L-band radio for NASA), UVV +2.1% (authorizes new $100 mln share repurchase program), ERF +1.7% (increases dividend, reports earnings), NKLA +1.4% (files for 43,229,689 share offering by selling stockholders), ALGN +1% (ALGN and DM announce strategic collaboration to supply iTero Element Flex intraoral scanners to Desktop Labs), HCAT +0.1% (Point72 increases passive stake to 5.1% from 2.2%), IGMS +0.1% (files $400 mln mixed securities shelf offering), CAT +0.1% (awarded a maximum $1.28 bln 5-year U.S. Defense Logistics Agency contract), ARKK +0.1% (Cathie Wood looking to sell Twitter shares according to NY Post)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FNKO -22.6%, SEM -21.9% (also authorizes new $1 bln share repurchase program), TEAM -21.7%, TWLO -18%, CYRX -17.9%, VIAV -14%, NET -13.9%, DH -13.2%, APPN -13%, TRUP -11.4% (also to acquire PetExpert), CDNA -10.6%, CVNA -10.2%, FRG -9.8%, HRT -9.6%, USM -9.4%, PYPL -9.2%, GSAT -8.8% (also files mixed securities shelf offering), YELP -7.8% (also authorizes $250 mln increase to stock repurchase program), KTOS -7.4% (also wins MACH-TB contract to increase US hypersonic flight tests), MED -7.3%, CE -6.8%, RKT -6.8% (also approves renewal and extension of $1 bln repurchase program), BIGC -5.7%, LASR -5.5%, GDDY -5.2%, ADPT -4.9%, ILMN -4.7%, PEN -4.5%, TMST -4.4%, LUNG -4%, WBD -3.9%, FND -3.7%, CORT -3.6%, CTRA -3.6%, SGMO -3.6%, SPT -3.5%, VTR -3.3%, SYNA -3.1%, BOOM -3%, GDYN -2.8%, BILL -2.5% (also to acquire Finmark), OTEX -2.5%, AMN -2.4%, GH -2.3%, EOG -2.2%, ED -2.1%, LGF.A -2.1%, DNLI -1.9%, CYTK -1.6%, STEP -1.6%, SWKS -1.6%, OPEN -1.5%, PLYA -1.4%, LPRO -1.2%, ALKT -1%, CABO -1%, FOXF -1%, LPI -1%, AVB -0.9%, WW -0.9%, IOVA -0.4%, WPM -0.3%, AMGN -0.2%, SPXC -0.2%, MTD -0.1%
Companies trading lower in after hours in reaction to news: APLS -16.8% (provides update on intravitreal pegcetacoplan NDA, will amend NDA, which will extend review period by three mos), GWH -5.3% (files $300 mln mixed securities shelf offering), ISEE -4.5% (submits first part of NDA for Avacincaptad Pegol), KRP -4.2% (to acquire mineral and royalty interests held by Hatch Royalty for $290 mln; also commences 5 mln share offering), LUNG -4% (files $200 mln mixed securities shelf offering), DM -3.2% (ALGN and DM announce strategic collaboration to supply iTero Element Flex intraoral scanners to Desktop Labs), PI -2.7% (files mixed securities shelf offering), NGM -1.8% (presents findings from CATALINA Phase 2 trial of NGM621), VICI -1.7% (stock offering), AAPL -0.8% (paused hiring for many jobs outside of R&D in escalation of cost cuts, according to Bloomberg), EL -0.4% (preparing formal bid for luxury retailer Tom Ford according to WWD), TEVA -0.1% (CEO will step down when his contract expires next year, according to WSJ)