After Hours Summary: FDX +7.8% up big on large earnings beat; ADBE +2.4% also up on earnings; AMCX +17.7% as exec chairman departsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AXGN +20%, FDX +7.8%, TACO +4.2%, ADBE +2.4%, TRTN +1.6%
Companies trading higher in after hours in reaction to news: AMCX +17.7% (exec chairman departs; also plans to commence modified Dutch auction for up to $250 mln; James Dolan named Non-Exec Chairman), AVEO +15.8% (announces publication of Phase 3 TIVO-3 study), UPS +4.3% (in sympathy with strong FDX earnings), WPRT +3.1% (to sell assets of Rohan BRC Gas Equipment), MSFT +0.5% (increases dividend), SPOT +0.5% (issues criticism of AAPL new services bundle, according to Reuters; also strikes deal with Songkick, according to FT), GOOG +0.3% (unveils Google Meet Series One, according to CNET), BRC +0.3% (increases dividend), ALK +0.3% (to resume flights to Portland and Spokane, according to Anchorage Press)
After Hours Losers:
Companies trading lower in after hours in reaction to news: ADT -6.4% (stock offering by selling shareholders), SYNH -2.7% (commences 7 mln share offering by selling stockholders), NEE -2.5% (to sell $2.0 bln of equity units), RUSHA -1% (declares 3-for-2 stock split, plans to ask board for div increase), KSS -0.5% (provides COVID update; has reduced corp positions by 15%)