After Hours Summary: FDX +11.8% jumps following earnings; SRPT -19.8% falls as FDA requires meeting; FRC -16.5% lower after cash update and dividend suspension; WAL -6.7% and PACW -5.9% lower in sympathyAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FDX +11.8%, X +4.8% (guides Q1 EPS well above consensus), COOK +1%, CBAY +0.2%
Companies trading higher in after hours in reaction to news: LFCR +7% (to explore strategic alternatives, including a possible sale), UPS +3.4% (in sympathy with FDX earnings), EQR +2.7% (increases dividend), LHX +1.3% (AJRD shareholders approve LHX merger), RVLV +1.3% (partners with Jennifer Lopez on footwear line), TLRY +1.2% (shareholders approve charter amendment), STLD +1.1% (in sympathy with X guidance), STAG +1% (chairman to retire, names replacement), MED +0.1% (increases dividend), JBI +0.1% (to delay 10-K filing)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PRPL -8.5%, GRPN -6.5%, BLND -5.7%, PLBY -4.1% (also CFO to depart), BLFS -2.1%, MARA -1.8%
Companies trading lower in after hours in reaction to news: DBD -25.9% (may need need additional capital to sustain operating needs beyond 12 mos), SRPT -19.8% (FDA determines that an advisory committee meeting will be held for SRP-9001), FRC -16.5% (confirms it will receive $30 bln; provides cash position update; will suspend dividend), RBBN -9.5% (to delay 10-K filing), PRPL -8.5% (to delay 10-K filing), WAL -6.7% (in sympathy with FRC), PACW -5.9% (in sympathy with FRC), RRC -4.1% (CEO to retire), CUTR -3.8% (to further delay 10-K filing; has identified material weaknesses), AMRS -3% (files for $1 bln mixed securities shelf offering), TMO -2.6% (names new exec chairman), AROW -2.5% (to delay 10-K filing), KEY -2.4% (names new CFO), IOT -2.2% (partners with UK-based fleet safety provider Motormax), NKLA -1.4% (move of its battery manufacturing from CA to AZ is months ahead of schedule), SCVL -1.3% (names new CFO), TUP -1.2% (to delay 10-K filing; cites material weaknesses), META -1% (Dan Niles tweet that his firm trimmed some META, but plans to buy it back), BOOM -0.9% (files $200 mln mixed securities shelf offering), MRK -0.8% (provides update on Phase 2 KeyVibe-002 Trial), VERU -0.5% (files $200 mln mixed securities shelf offering), COIN -0.5% (investigating elevated error rates, according to tweet), AA -0.4% (closing its Intalco aluminum smelter), ACIW -0.3% (Motive Partners in talks to buy ACIW, according to Bloomberg), CLF -0.1% (in sympathy with X guidance)