After Hours Summary: GPS +15.3%, ROST +5.7%, BZH +3.5% higher on earnings; AMAT -7.3%, DLB -4.4% lower on earnings; CHPT -27.4% down sharply on revenue cut
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: GPS +15.3%, ROST +5.7%, BZH +3.5%, GLOB +2.1%, FLNC +2% (reaffirms FY23 revenue outlook; names new CFO), POST +1.2%, CPRT +0.5%
Companies trading higher in after hours in reaction to news: WRAP +7.3% (stock offering by selling shareholders), DDS +4.2% (declares special dividend of $20/sh), ACCD +3% (repurchases $76.5 mln of convertible notes), PRI +3% (authorizes new $425 mln share repurchase program for 2024), BHF +2.5% (authorizes new $750 mln share repurchase program), KRTX +2% (results from Phase 1b trial of KarXT), MKTW +2% (names new COO), CALX +1.5% (increases share buyback auth by $100 mln), BF.B +1.3% (NAPA to acquire Sonoma-Cutrer Vineyards from BF.B for $400 mln), CLX +0.5% (elects CEO Linda Rendle to the role of Chair), MSI +0.4% (increases dividend; also increases share repurchase auth by $2 bln), ORLY +0.4% (increases share repurchase auth by $2 bln), NAPA +0.1% (NAPA to acquire Sonoma-Cutrer Vineyards from BF.B for $400 mln), CXW +0.1% (signs new contract with Wyoming), HBI +0.1% (enters into cooperation agreement with Barington)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CHPT -27.4% (lowers Q3 revenue guidance substantially; names new CEO; CFO steps down), AMSWA -8.9%, AMAT -7.3% (also co is being probed for shipments sent to China's SMICY according to Reuters), DLB -4.4%, CMP -4.4%, WWD -2.1%, HAYN -1.8%, ESE -1.5%, UGI -0.3%, ZTO -0.1%
Companies trading lower in after hours in reaction to news: VIGL -11.1% (reports interim data from Phase 2 IGNITE trial), IMNM -5.2% (stock offering by selling shareholders), KLAC -3.4% (in sympathy with AMAT earnings/news), OGS -2.8% (CFO to retire), BLNK -2.8% (in sympathy with CHPT lowered guidance), LRCX -2.2% (in sympathy with AMAT earnings/news), ASML -1.3% (in sympathy with AMAT earnings/news), EVGO -1% (in sympathy with CHPT lowered guidance)