After Hours Summary: GM +3.2% to no longer fund Cruise's robotaxi development work; SFIX +20.4%, GME +2% higher on earnings; PLAY -9.8%, GEV -2.8% lower on earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FEIM +27.1%, SFIX +20.4%, SKIL +16.2%, GME +2%
Companies trading higher in after hours in reaction to news: GM +3.2% (will no longer fund Cruise's robotaxi development work), SATL +3% (files for $150 mln offering; also files for offering by selling shareholder), MRVL +1% (announces several product enhancements), NAMS +0.6% (commences $300 mln offering of shares and warrants), O +0.5% (increases dividend), LMT +0.4% (Sikorsky awarded $376 mln U.S. Army contract modification), MU +0.4% (awarded grants from Commerce Dept for construction of fab facilities), BA +0.2% (awarded $450 mln U.S. Air Force contract), EXP +0.1% (to acquire Bullskin Stone & Lime)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PLAY -9.8% (also CEO resigns), GEV -2.8% (provides guidance; also approves initial $6 bln share repurchase authorization), SNV -1.6%
Companies trading lower in after hours in reaction to news: QTTB -66.5% (provides Bempikibart update), IBRX -17% (stock offering), SLRN -16.7% (Phase 2b/3 trial of izokibep did not meet primary endpoint), JOBY -9.4% (enters into Equity Distribution Agreement, may sell up to $300 mln of shares), SIGA -8.5% (interim results from STOMP study), RCKT -6.4% ($150 mln share offering), ROG -1.9% (names new CFO), NTNX -1.8% (files for $750 mln convertible notes offering), CCB -0.9% (stock offering), UBER -0.7% (Mexico's Lower House of Congress approves gig worker reform, according to Bloomberg), MAA -0.6% (names new CEO, raises dividend), AMGN -0.3% (increases dividend), CUZ -0.2% (commences 9.5 mln share offering), ACMR -0.2% (announces qualification of PEALD Furnace tool)