After Hours Summary: DOCS +13.8% higher on earnings; DXC -20.4%, GLOB -5.2%, TTWO -3%, CPRT -1.7%, AMAT -1.3% lower on earnings; RDDT +9.1% on OpenAI partnership; CBRL -11.1% falls on strategic update, dividend cut
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DOCS +13.8% (also authorizes new $500 mln share repurchase program), DESP +10.7%
Companies trading higher in after hours in reaction to news: RDDT +9.1% (partners with OpenAI (MSFT) to bring Reddit's content to ChatGPT and other OpenAI products), NUVL +8.8% (FDA grants breakthrough therapy designation for NVL-655), OUST +6.8% (CEO and two other insiders bought shares), DV +2.1% (authorizes new $150 mln share repurchase program), MYGN +2% (announces new study publication), KAI +2% (authorizes new $50 mln share repurchase program), OKLO +1.7% (Jacob DeWitte discloses 18.1% passive stake), ERAS +1% (license agreement with Guangzhou Joyo), GLPI +0.7% (acquires 3 casinos), ACDC +0.6% (CFO to step down, names new CFO), CDNA +0.1% (study shows CareDx's HeartCare outperforms dd-cfDNA alone), ATGE +0.1% (authorizes new $150 mln share repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: DXC -20.4%, GLOB -5.2%, TTWO -3%, CPRT -1.7%, AMAT -1.3%, AGRO -1.3%, FLO -0.1%
Companies trading lower in after hours in reaction to news: CBRL -11.1% (provides update on strategic transformation; expects Q3 and Q4 results to fall below previous outlook; announces long-term outlook; reduces dividend by over 80%), AIRJ -2% (to delay 10-Q), NYCB -0.7% (COO to resign), F -0.6% (asking EV suppliers to cut costs to support profitability, according to Reuters), ALSN -0.5% (commits to $10 mln investment in EnerTech Capital), CELH -0.4% (files mixed shelf securities offering), PH -0.4% (announces new five-year financial goals), AXS -0.3% (increases share repurchase authorization by $300 mln), AMG -0.1% (acquires minority equity interest in Suma Capital)