After Hours Summary: ESTC +9.4%, SMAR +3.4% higher on earnings; AI -9.6%, SPLK -3.2%, NCNO -1.7% fall on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ESTC +9.4%, PAGS +5.9%, SMAR +3.4%, SMTC +1.8%, DSGX +1.7%, PVH +1.6% (also CFO/COO leaving as is the CEO of its Calvin Klein unit), GWRE +0.6%
Companies trading higher in after hours in reaction to news: WVE +7.7% (reports proof-of-concept preclinical data for ADAR editing program), REAL +4.5% (provides business update; GMV QTD up 106% yr/yr), SEIC +0.7% (increases stock repurchase program by an additional $250 mln), FRG +0.6% (The Vitamin Shoppe announces partnership with IRONMAN), AAP +0.4% (announces deal with Baxter Auto to convert 29 stores to Carquest locations), AMRN +0.2% (announces presentation of further insights into potential mechanisms of action of icosapent ethyl)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AI -9.6%, SPLK -3.2%, NCNO -1.7%, SPTN -1.7%, EDR -1.3%, NTAP -0.5% (also increases dividend by 4%, authorizes add'l $500 mln for share repurchases), SPWH -0.4%
Companies trading lower in after hours in reaction to news: PINE -7.3% (stock offering), FEYE -4.7% (to sell FireEye Products business to Symphony Tech for $1.2 bln; authorizes $500 mln share repurchase program), SUMO -4.1% (to acquire Sensu), SYNH -4% (stock offering), SJ -4% (stock offering), CWK -2.5% (stock offering), CHGG -1.8% (launches new educator platform Uversity), NDAQ -0.8% (reports May 2021 metrics), BILL -0.8% (stock offering), APPS -0.7% (delays 10-K filing), TSLA -0.2% (thousands of cars being recalled for loose brake bolt, according to Reuters), XOM -0.1% (updates preliminary results for election of directors), VAL -0.1% (awarded a two-well contract extension with Equinor Energy), LMT -0.1% (selected by NASA to build the VERITAS and DAVINCI+ spacecraft)