After Hours Summary: GPS -2.1% on CEO stepping down, but reaffirms Q2 revs; PSMT -4.2% lower on earnings; PLAY +3.3% on new execsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: None
Companies trading higher in after hours in reaction to news: WPRT +19.8% (awarded €38 mln program), PLAY +3.3% (names new execs following Main Event acquisition, names new COO), AERC +2% (stock offering), PLRX +1.7% (stock offering), GLSI +1.2% (suspends share repurchase program), VSTO +0.8% (Foresight Sports unit becomes official launch monitor partner of Callaway Golf and Topgolf), GME +0.8% (launches non-custodial, Ethereum Layer 2-based NFT marketplace), GATO +0.8% (announces production results from Cerro Los Gatos mine), CTXS +0.7% (awaiting receipt of final regulatory approvals in going private deal, expected to close in Q3), TWTR +0.6% (responds to Elon Musk; says termination is invalid), IIVI +0.4% (BCPE Watson discloses 12.3% stake; plans to take an active role in working with mgmt), SKY +0.3% (to acquire assets of Factory Expo Home Centers), PSTH +0.3% (to redeem all shares for this SPAC), GPI +0.2% (acquires five franchises in Louisiana), FLR +0.1% (awarded a new contract by New Fortress Energy), CNS +0.1% (reports June AUM)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: VOXX -9.3%, PSMT -4.2%, ETWO -0.9%
Companies trading lower in after hours in reaction to news: BKD -2.1% (reports June operating metrics), GPS -2.1% (CEO will step down; names new CEO for Old Navy unit; reaffirms Q2 rev outlook but expects increased promotional activity), CANO -1.6% (files for $500 mln mixed securities shelf offering), FULC -1.6% (CMO to step down), NDAQ -1.5% (reports June metrics), WBD -0.2% (WBD in talks with AMZN about possibly restarting HBO Max distribution, according to Bloomberg)