After Hours Summary: DRS +6.4% up on a sizeable U.S. Navy contract; JNJ +3% up after agreeing to pay $8.9 bln in talc litigation claims; SGH -3.6% down on earnings; WMT -0.5% edges lower on reaffirmed FY24 guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: KRUS +4.5%
Companies trading higher in after hours in reaction to news: DRS +6.4% (awarded $1.0 bln contract), PBI +3.1% (Hestia Capital Management calls for company to replace CEO, according to WSJ), JNJ +3% (paying $8.9 bln in talc litigation claims), HCAT +1% (partnership with Contexture), SAFE +0.2% (files mixed shelf), RMBS +0.2% (extends patent license agreement with SK hynix), GVA +0.1% (awarded $126 mln contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SGH -3.6%, RGP -0.7%, WMT -0.5% (guidance)
Companies trading lower in after hours in reaction to news: HQY -2.9% (strategic collaboration with Microsoft), RBBN -1.5% (files $250 mln mixed shelf), NIU -0.8% (releases Q1 sales volumes), WBX -0.6% (stock offering), COST -0.4% (trading in sympathy with WMT), BBDC -0.1% (CFO steps down; appoints new CFO)