After Hours Summary: GOOG +1.7%, MXL +23.4%, ICLR +13.8%, NOW +7.2% higher on earnings; CYH -17.8%, CMG -9.5%, IBM -4.9% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MXL +23.4%, ICLR +13.8% (also increases share buyback auth by $500 mln to a total of $1 bln), TREE +10.9%, NOW +7.2% (also partnership with CapZone), FAF +6.5% (also authorizes new $300 mln share repurchase program), CVLG +6.1%, STC +5.9%, LVS +5.6%, JOE +5%, TMUS +4.9%, CLB +4.8%, WEX +4.2%, OII +3.6%, RNR +2.8%, CSX +2.2%, WH +2.2%, LOB +1.9%, FRME +1.8%, GOOG +1.7%, SSNC +1.7%, URI +0.8%, MTH +0.5%, RBBN +0.2%, CCS +0.1%
Companies trading higher in after hours in reaction to news: ABVX +3.1% (launches $400 mln stock offering; also files mixed securities shelf offering), AVGO +2.8% (GOOG increases cap-ex guidance, seen as good for AVGO), RCKT +2.4% (reorganization and pipeline prioritization; 30% workforce reduction), CBAN +1.7% (CBAN to acquire TCBC), BAC +0.8% (increases dividend; also authorizes $40 bln repurchase program), AMZN +0.7% (Jeff Bezos sold another 6,612,707 shares pursuant to Rule 10b5-1 trading plan worth more than $1.5 bln), MSFT +0.1% (Founders Fund and Dragoneer each pledge over $1 bln to OpenAI, according to The Information)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CYH -17.8% (also CEO to retire), CMG -9.5%, VKTX -7.1%, EGBN -5.8%, QS -5.7% (also expands collaboration with PowerCo), SIGI -5.2%, IBM -4.9%, MOH -4.5%, MAT -3.5%, TSLA -3.3%, GGG -2.6%, PLXS -2.5%, ESRT -2.5%, RS -2.4%, GTY -2.3%, SON -2.2%, WCN -2.2%, ARR -2.2%, RHI -2.1%, IPAR -1.7%, BANC -1.5%, PKG -1.5%, ORLY -1.3%, LUV -0.9% (also authorizes new $2 bln share repurchase program), GLPG -0.9% (also to re-evaluate the previously proposed separation into two publicly traded entities; strategic alternatives for cell therapy business, including a potential divestiture), EPRT -0.8%, CCI -0.7%, CHDN -0.3% (also authorizes new $500 mln share repurchase program), GL -0.3%, ALK -0.2%, NLY -0.2%, CADE -0.1%, EGP -0.1%, RJF -0.1%, ROL -0.1%, VRE -0.1%
Companies trading lower in after hours in reaction to news: WAY -1.2% (to acquire Iodine Software; also provides guidance), ZIMV -0.2% (distribution agreement with Osstem Implant), LNN -0.1% (CFO to retire)