After Hours Summary: Earnings from mega cap names dominate headlines, mostly on downside -- GOOG -3.6%, QCOM -1.9%, SBUX -1.1%, AAPL -0.7%; others lower on earnings: BILL -21.1%, TEAM -13.1%, BZH -7.6%, F -6.1%, SYNA -5.6%After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SNCY +16.3%, BYD +6.4%, PCTY +4.8%, CLX +4.2%, GILD +3.8% (also increases dividend), MEOH +3.7%, POST +3.1%, OTEX +1.9%, VIAV +1.8% (also restructuring and workforce reduction plan), NFG +1.4%, X +1.3%, MWA +0.1%
Companies trading higher in after hours in reaction to news: LQDA +2.4% (PTAB has reaffirmed its original decision in the ‘793 IPR), NOC +1.6% ($500 mln accelerated share repurchase agreement), STRL +1.2% (reports new awards totaling $260 mln in Q4), ITI +1% (names new CFO), WW +0.6% (announces restructuring, workforce reduction, real estate restructuring), WEC +0.3% (will lead pilot project to test new form of long-duration energy storage), KSS +0.1% (names new CEO; enters into cooperation agreement with Macellum Advisors)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BILL -21.1% (also authorizes new $300 mln share repurchase program), PFSI -13.1%, TEAM -13.1%, CLFD -8.1%, TWOU -7.9%, BZH -7.6%, F -6.1% (also declares supplemental dividend of $0.65/sh), CNMD -5.6%, SYNA -5.6%, LESL -5.1%, RGA -4%, GOOG -3.6%, GPRO -3.3%, MSTR -3.1%, CRUS -3%, SKX -2.4%, HUBG -2.1%, WWE -2.1%, CPT -2%, MTX -2% (also announces reorganization and new segmentation for 2023), QCOM -1.9%, SKYW -1.8%, AMZN -1.7%, OHI -1.7%, MCHP -1.5% (also increases dividend), DECK -1.3%, COLM -1.2%, SBUX -1.1%, AAPL -0.7%, CIM -0.7%, HIG -0.5%, CTSH -0.3%
Companies trading lower in after hours in reaction to news: SI -19.2% (currently facing US investigation over FTX and Alameda dealings, according to Bloomberg), CLLS -8.3% (launches $22 mln offering of ADSs), RIDE -3.5% (WKHS receives letter from RIDE purporting to terminate IP license), TWO -3.4% (commences 10 mln share offering), AIV -2.5% (names new chairman), WKHS -2.4% (WKHS receives letter from RIDE purporting to terminate IP license), RIGL -2.3% (announces publication of REZLIDHIA Phase 2 results), IAC -1.9% (names new COO), SWKS -0.7% (in sympathy with weak AAPL earnings), TSM -0.5% (in sympathy with weak AAPL earnings), QRVO -0.3% (in sympathy with weak AAPL earnings), PSN -0.2% (awarded contract for Megaproject in Saudi Arabia), AVGO -0.2% (in sympathy with weak AAPL earnings)
