After Hours Summary: DIS +7% jumps as it reaches 50 mln paid subs for DIS+; BIG +17.1% jumps on sale leaseback deal; NLS jumps on strong guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NLS +41.3% (guides Q1 revs above consensus, raises EBITDA guidance), EXTR +7% (issues downside guidance for 3Q20; implements actions to manage and reduce operating costs), SIX +3.1% (guides mid-point of Q1 revs below consensus; increases revolving credit, suspends dividends and buybacks, believes it has sufficient liquidity), MCHP +2.5% (raises revenue guidance for MarQ), PSMT +1.8%, MTX +0.2% (expects 1Q20 EPS to be above the high-end of its outlook range)
Companies trading higher in after hours in reaction to news: BIG +17.1% (enters into sale and leaseback agreements for four distribution centers), DIS +7% (announces that Disney+ has reached the 50 mln paid subscriber milestone), VNDA +6% (partners with the UIC to identify novel antivirals against COVID-19), MAXR +4.1% (provides update on COVID-19 operational posture), SNBR +3.1% (provides COVID-19 response update), AGNC +2% (lowers monthly common dividend; provides portfolio update), PTON +1.8% (in sympathy with NLS earnings)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SFIX -1.3% (withdraws Q3 and FY20 guidance), OI -0.7% (withdraws 2020 guidance )
Companies trading lower in after hours in reaction to news: ANIK -2.5% (announces actions to strengthen liquidity in light of COVID-19), COST -2.3% (reports March comps), FCAU -1.9% (TheVerge report says co is recalling 365K cars for backup camera problems), SBUX -1.8% (provides COVID update, China EPS impact came in as expected; US EPS impact seen at $0.28-0.32; withdraws 2020 guidance; suspends repurchase program, does NOT expect to reduce dividend), TRI -1.2% (announces departure of Co-COO), EFSC -1.1% (files mixed securities shelf offering), NFLX -0.2% (reacts to DIS reaching 50 mln streaming milestone)