After Hours Summary: FDX -2.7% and GME -9.1% lower on earnings; X -3.2% weak guidance dragging down steel names; STNE +21.2% jumps on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: STNE +21.2% (also announces executive hires), CURV +2.5%
Companies trading higher in after hours in reaction to news: TMC +4.3% (signs term sheet for development of commercial system to collect deep-sea polymetallic nodules), GLDD +1.5% (receives several dredging awards totaling $132.3 mln), PRGO +0.6% (receives final approval from FDA for OTC use of Nasonex 24HR Allergy), UDR +0.1% (increases dividend), CLB +0.1% (CLB announces strategic alliance with TALO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BBAI -24%, GME -9.1%, EMBK -9%, JOAN -5.7%, X -3.2% (guides Q1 EPS below consensus), AVPT -3% (also announces $150 mln share repurchase program), FDX -2.7%, SCHN -1.1% (guides FebQ EPS below consensus)
Companies trading lower in after hours in reaction to news: OR -4.5% (announces $250 mln bought deal financing agreement), ABR -3.9% (announces 6 mln share offering), AM -1.7% (files mixed securities shelf offering), CLF -1.6% (in sympathy with weak X guidance), AMRX -1.4% (awarded sub-license to make generic version of nirmatrelvir), WULF -1% (reports progress on building out mining operations), NUE -0.7% (in sympathy with weak X guidance), LXRX -0.5% (enters into loan facility to support commercialization of sotagliflozin), TRGP -0.4% (to acquire Southcross Energy for $200 mln), STLD -0.3% (in sympathy with weak X guidance), ARIS -0.2% (expands alliance with TPL), BCO -0.1% (names new CEO)