After Hours Summary: Busy earnings session; UPWK +17.8%, PETQ +14.4%, KD +12%, LZ +10.2%, ODD +9.5% higher on earnings; SNBR -27.6%, UPST -21.9%, LPRO -20.6%, INSP -17.8%, TOST -17.7%, EBAY -6.4% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: UPWK +17.8%, EOLS +14.5%, PETQ +14.4%, KD +12%, ENVX +11.1% (also its IoT & Wearable cells outperformed competitive cells), LZ +10.2%, ODD +9.5%, MQ +9%, PWSC +8.4%, MNKD +7.4%, PRIM +7.4%, METC +6.8%, GPRO +6.7%, AGTI +6.2%, MRC +5.6%, BBAI +5.5% (also to acquire Pangiam for $70 mln), DVA +5.3%, ANGI +4.8%, ZLAB +4.8%, ATEN +4.4% (also authorizes new $50 mln share repurchase program), VCYT +4.1% (also enters into a multi-year agreement with ILMN), GMED +4%, AKAM +3.8%, RIVN +3.7% (also increases FY23 production guidance), AXON +3.5%, FNA +3%, INGN +2.5%, VTEX +2.5%, BROS +2.1%, VTRS +1.9%, EXR +1.6%, CARG +1.3% (also authorizes new $250 mln share repurchase program; also to acquire remaining minority interest in CarOffer for $75 mln), OXY +1.1% (also BLK will invest $550 mln on behalf of clients in the development of STRATOS), TKO +1.1% (also The CW Network to become the exclusive broadcast home to WWE NXT), WTI +0.9%, PGNY +0.8%, PR +0.7%, JKHY +0.4%, INTA +0.3%, HRB +0.2%, USPH +0.2%, NHI +0.1%, TVTX +0.1%, AGO +0.1% (also names new CFO and COO), JHX +0.1%
Companies trading higher in after hours in reaction to news: KRMD +9.5% (receives FDA clearance for FREEDOM60), AMR +6.3% (to join S&P SmallCap 600), BALY +4.2% (several insider purchases disclosed), AMBC +3% (hires external advisors to discuss options for Ambac Assurance), AMEH +2.6% (to acquire assets relating to Community Family Care), WISH +1.7% (to explore strategic alternatives, also reports earnings), HPQ +0.6% (increases dividend), OGN +0.6% (FDA accepts sBLA for interchangeability designation for HADLIMA), AMGN +0.5% (presents new research in early psoriatic arthritis; also new data from its Phase 2 study evaluating dazodalibep), AMZN +0.2% (to develop ‘Olympus' AI, according to The Information), FG +0.1% (increases dividend), AJG +0.1% (to acquire The Evans Agency)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NRDY -35.4%, ESTA -28.4%, SNBR -27.6%, EXFY -23%, UPST -21.9%, LPRO -20.6%, INSP -17.8%, TOST -17.7%, ARRY -13.7%, POWI -13.6% (also increases dividend), FLYW -12.9%, CTKB -12.8%, ANDE -10.2%, HOOD -9.3%, MRVI -9.2%, BMBL -6.8% (also increases share repurchase program to $300 mln), AMRK -6.6%, EBAY -6.4%, KVYO -6.1%, OSUR -6.1%, CPNG -5.6%, MRCY -4.8%, KIND -4.7% (also announces 25% workforce reduction), DAR -4.6%, LCID -4.2% (also names COO; also stock offering by selling shareholders), SHLS -3.9%, PAAS -3.4%, MASI -3.2%, IAC -3%, IRBT -2.9%, APLE -2.8%, CBAY -2.4%, DNLI -2.3%, CTOS -2.1%, IOVA -2.1%, CRSR -1.9%, GO -1.7%, DOOR -1.5%, DVN -1.5%, GILD -1.4%, RXT -1.4%, CIVI -1.3%, FNF -1.3%, GXO -1.3%, CAVA -1.1%, CRCT -1%, MWA -0.9%, MOS -0.7%, RCUS -0.3%, COTY -0.2%, STE -0.1%, XPOF -0.1%
Companies trading lower in after hours in reaction to news: SPR -15.3% ($200 mln stock offering; also files mixed shelf securities offering), INZY -5% (files $300 mln mixed shelf securities offering), IDA -4.4% ($260 mln stock offering), OCUL -3.5% (files $300 mln mixed shelf securities offering), CLDX -3% (stock offering), RIOT -2.7% (reports Oct production), SRE -2% ($1 bln stock offering), BRP -2% (files mixed shelf securities offering), ARVN -2% (files mixed shelf securities offering), ILMN -1.4% (enters into a multi-year agreement with VCYT), BLK -0.5% (to invest $550 mln on behalf of clients in the development of STRATOS), ABNB -0.4% (discloses update on Italy tax order), NBHC -0.1% (increases dividend