After Hours Summary: DG +7.8% as investors cheer decision by struggling retailer to bring back former CEO; SGH -24.6% drops on earnings; BDC -16.2% falls on lowered guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CMTL +16.7% (also to sell power systems product line for $40 mln), LC +5.8% (guides Q3 revs in-line; also announces 14% workforce reduction), NRIX +2.1%
Companies trading higher in after hours in reaction to news: RLAY +13.4% (announces initial RLY-4008 data), DG +7.8% (brings back former CEO Todd Vasos to be new CEO; also issues guidance), AVNT +4.5% (increases dividend), SHCR +2.4% (confirms takeover proposal from Claritas Capital for $1.35-1.80/sh), ADC +1.4% (increases dividend), ACI +1.1% (California AG preparing to block KR's deal to acquire ACI according to Bloomberg Law), DAL +0.2% (provides financial commentary in 10-Q filing), LMT +0.1% (awarded $380 mln U.S. Navy order), CI +0.1% (expands Medicare Advantage presence to Nevada for the first time)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OM -33.5% (downside rev guidance), SGH -24.6%, BDC -16.2% (lowers Q3 guidance), IDT -4.8%
Companies trading lower in after hours in reaction to news: SAVA -40.8% (co-developer of its Alzheimer's drug cited for misconduct, according to Science.org), VIGL -7.8% (receives response letter from FDA re IND application for VG-3927), KR -1.7% (California AG preparing to block KR's deal to acquire ACI according to Bloomberg Law), DFS -1.2% (reports Sept credit card deliquency data), OUST -0.9% (OUST continues patent case against HSAI), REPX -0.2% (increases dividend), QCOM -0.2% (to lay off 1,258 employees in two California offices, according to CNBC)