After Hours Summary: DLB +12.8%, KEYS +8.9% higher on earnings; POWL -11%, XP -5.1% lower on earnings; SGMO +11.2% on FDA clearance; FLEX +5.4% to join S&P MidCap 400
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DLB +12.8%, KEYS +8.9%, QFIN +3.4% (also authorizes new $450 mln share repurchase program), VREX +3.3%, AZEK +2.6%, LZB +2.5% (also increases dividend), SNEX +1.3%
Companies trading higher in after hours in reaction to news: SGMO +11.2% (announces FDA clearance of IND application for ST-503), CON +7.6% (to join S&P SmallCap 600), FLEX +5.4% (to join S&P MidCap 400), VKTX +4.6% (presents results from Phase 2b VOYAGE study), AZTA +4.6% (CEO bought 13967 shares; also moves to S&P 600 from S&P 400), ZI +3.8% (CEO bought 492500 shares), ALGM +1.8% (CTO bought 15000 shares), BALY +0.7% (shareholders approve merger), OKE +0.3% (DTM to acquire 3 nat gas pipelines from OKE for $1.2 bln), MKC +0.2% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: POWL -11%, XP -5.1% (also authorizes new R$1 bln share repurchase program), ZTO -3.1%, GBDC -0.9%
Companies trading lower in after hours in reaction to news: SVM -15.9% ($130 mln convertible notes offering), QDEL -6% (stock offering by selling shareholder), LUNR -3.1% (NASA intends to award Blue Origin and SpaceX additional work), DTM -1.8% (DTM to acquire 3 nat gas pipelines from OKE for $1.2 bln; also files mixed shelf securities offering), QCOM -0.2% (sets new growth targets), DNB -0.1% (announces availability of its generative A.I. asst)