After Hours Summary: FN +8% and PANW +2.7% up nicely on earnings and buyback news; GPRO -2.3% slips after announcing workforce reduction
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FN +8% (also increases buyback authorization), FLXS +4.7%, PANW +2.7% (also adds $500 mln to buyback plan)
Companies trading higher in after hours in reaction to news: PINC +3.7% (selected by AllSpire Health GPO), BTBT +1.3% (signs binding term sheet with Boosteroid), MNST +0.6% (authorizes new $500 mln repurchase plan), FLR +0.4% (awarded $1.4 bln U.S. Navy contract mod), WNC +0.1% (announces new CFO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HSAI -5.3%
Companies trading lower in after hours in reaction to news: CKPT -4.7% (files stock offering), KYMR -4% ($200 mln public offering), GPRO -2.3% (to reduce workforce by ~15%), DOMO -1.7% (amends existing debt facility), SAIC -1.6% (awarded $262 mln U.S. Air Force contract mod), SVC -0.9% (files mixed shelf), EBS -0.8% (responds to Mpox public health emergency), BA -0.4% (FAA adopts airworthiness directive for 787 Dreamliners, according to Reuters), ADEA -0.3% (receives decisions in Videotron and Bell/Telus case appeals), CAAP -0.1% (reports July data)