After Hours Summary: FIVE -8.8% falls on lowered Q2 guidance, CEO steps down; AEHR +12.6%, FULT +2.1% higher on earnings; GTES +6.3% to join S&P SmallCap 600
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AEHR +12.6% (also to acquire Incal Technologies), FULT +2.1%, WAFD +1.9%, IBKR +0.7%
Companies trading higher in after hours in reaction to news: BE +12.7% (forms partnership with CoreWeave to meet AI energy demands), GTES +6.3% (to join S&P SmallCap 600), ORIC +3.9% (announces multiple collaborations to support ongoing trial evaluating ORIC-944), FTK +1.9% (EPA has designated the JP3 system as an approved measurement tech), DG +1.2% (in sympathy with FIVE guide down), PRIM +0.3% (announces several awards with combined value of ~ $1.2 bln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FIVE -8.8% (lowers Q2 guidance; CEO steps down; searching for new CEO), HWC -5.6%, SAVE -4.9% (lowers Q2 revenue guidance), OMC -3.5%, JBHT -2.6%, NIC -0.1%
Companies trading lower in after hours in reaction to news: PRI -2.1% (to exit its senior health business by relinquishing ownership of e-TeleQuote Insurance), USM -1.5% (files $1 bln mixed shelf securities offering), RLAY -1.4% (Genentech and F. Hoffmann-La Roche terminate collaboration), ANF -1.2% (to move to S&P MidCap 400 from SmallCap 600), ALSN -0.6% (provides 10K+ transmissions for Hyundai Mighty in 4 yrs), OLLI -0.5% (in sympathy with FIVE guide down), CPK -0.3% (receives approval for new infrastructure to support three renewable natural gas projects in Florida), DLTR -0.3% (in sympathy with FIVE guide down), ARMN -0.2% (reports 1H24 production; reits FY24 guidance)