After Hours Summary: CSCO +5.6% higher on earnings and restructuring; LITE +18.2% higher on earnings; ULTA +14.5% surging as Warren Buffett discloses new position; NKE +4.2% as Bill Ackman discloses new position
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: LITE +18.2%, ARDT +9.1%, PYCR +6.5%, NVGS +6.4%, CSCO +5.6% (also announces restructuring including 7% workforce reduction), STNE +0.4%
Companies trading higher in after hours in reaction to news: ULTA +14.5% (Berkshire Hathaway (Warren Buffett) discloses new position), SIRI +5.8% (Berkshire Hathaway (Warren Buffett) discloses increased position), NKE +4.2% (New position from Pershing Square (Bill Ackman)), RAMP +3.6% (increases share repurchase authorization by $200 mln to $1.3 bln), HEI.A +3.3% (Berkshire Hathaway (Warren Buffett) discloses new position), WRBY +2.3% (Director bought 75,000 shares), CIEN +2% (in sympathy with CSCO earnings), HPE +1.8% (in sympathy with CSCO earnings), IMMR +1.7% (to delay 10-Q filing), RDW +1.5% (to acquire Hera Systems; raises FY24 rev guidance), PEB +1.2% (Chairman/CEO bought 30,000 shares), PSN +0.7% (unveils updated iNET), HOOD +0.6% (July operating data), NVST +0.6% (CEO bought 30000 shares), EXTR +0.4% (in sympathy with CSCO earnings), ICLR +0.4% (names new CFO), VREX +0.3% (CFO bought 10000 shares)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: TITN -21.9%, CWCO -5.9%, ARQT -4.5%, PGEN -3.6%, CELC -2% (also now expects to reach the enrollment target later than expected), ASTS -2%, DLO -0.6%
Companies trading lower in after hours in reaction to news: SPIR -18.3% (to delay 10-Q filing), NHI -4% (files supplement for 2 mln share offering), FIHL -2.9% (authorizes new $200 mln share repurchase program, also reports earnings), NEXT -1% (provides Q2 business update), DOV -0.5% (launches its new EvoDose NXT Chemical Dispenser), AVGO -0.1% (in sympathy with CSCO earnings), MARA -0.1% (completes $300 mln convertible notes offering)