After Hours Summary: CSCO +4.5% up nicely on earnings; ASTS +37.2% pops on AT&T deal; CB +6.6% on Berkshire Hathaway position
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CSCO +4.5%, CPA +2%
Companies trading higher in after hours in reaction to news: ASTS +37.2% (enters into commercial agreement with AT&T; also reports earnings), CB +6.6% (Berkshire Hathaway discloses large position in CB), GLPG +2% (announces collaboration to accelerate CAR-T manufacturing network), BLUE +1.9% (to delay 10-Q filing), PANW +1.1% (PANW and IBM partnering to deliver AI-powered security outcomes), TNL +0.9% (increases stock repurchase authorization by $500 mln), SLCA +0.3% (to increase certain prices), IBM +0.3% (PANW and IBM partnering to deliver AI-powered security outcomes), ATS +0.2% (to acquire Paxiom), DJT +0.2% (to delay 10-Q filing), HOOD +0.1% (reports April operating data), ABG +0.1% (increases stock repurchase authorization to $400 mln), AESI +0.1% (files mixed shelf securities offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HWKN -8.6%, CGEM -0.1%
Companies trading lower in after hours in reaction to news: IREN -12.5% (files $500 mln mixed shelf securities offering; also expansion plans increased to 30 EH/s in 2024; also reports earnings), GLUE -10.1% (commences stock offering; relates to warrants), CIVI -3.6% (stock offering by selling shareholders), GTES -2.6% (stock offering by selling shareholders), MREO -0.9% (files $175 mln mixed shelf securities offering), DO -0.1% (DO extends contract extension with OXY unit), NC -0.1% (increases dividend)