After Hours Summary: COUP +12.7% up sharply on earnings; PATH -17.1%, CDMO -5.6%, NWL -3.4%, GTLB -3%, GWRE -1% lower on earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: COUP +12.7% (also authorizes new $100 mln share repurchase program)
Companies trading higher in after hours in reaction to news: TUP +8.1% (recovers a bit after falling -33% during regular session), VAL +4.8% (receives $40 mln payment from its joint venture ARO Drilling), RKLB +3.7% (signs R&D agreement with US Transportation Command), RYTM +1.1% (Imcivree granted marketing authorization by European Commission), DDD +1% (announces first to market CuNi alloy for laser powder bed fusion), AVYA +0.7% (authorizes workforce reduction plan), IOT +0.4% (Warburg Pincus discloses 7.28% stake), MARA +0.3% (reports August bitcoin mining update), NDSN +0.3% (authorizes additional $500 mln share repurchase program), AIG +0.2% (launches IPO of its majority-owned subsidiary, Corebridge Financial), EQT +0.1% (to acquire THQ Appalachia various oil & gas assets for $5.2 bln; doubles share repurchase authorization to $2 bln; raises 2023 debt reduction target to $4 bln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PATH -17.1%, CDMO -5.6%, NWL -3.4%, GTLB -3%, GWRE -1%, HQY -0.9%
Companies trading lower in after hours in reaction to news: CRGY -5.6% (commences 5 mln share public offering), PYCR -3.4% (files for 93 mln share offering by selling shareholders), FIXX -3.2% (names new CEO), PINC -1.1% (to acquire key assets from TRPN Direct Pay and Devon Health for $177.5 mln), ADCT -0.3% (files for stock offerings by selling shareholders), META -0.1% (Instagram may significantly cut back on shopping features, according to The Information)