After Hours Summary: HBI +8.7% higher on guidance; LC +4.4% on guidance and plan to streamline ops; SPCE +16.3% as it updates leadership structure and commercial spaceline ops are on trackAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: HBI +8.7% (guides Q4 revs above prior guidance; also CFO to step down), LC +4.4% (guides Q4 revs in-line; also to streamline operations, including a 14% workforce reduction)
Companies trading higher in after hours in reaction to news: SPCE +16.3% (updates leadership structure; commercial spaceline operations on track for 2Q23), ZYME +2.7% (EcoR1 Capital, a large shareholder, discloses it purchased additional shares), ATOM +1.7% (to collaborate with Arizona State University), FLR +0.4% (joint venture selected for roadway project in the Netherlands), BBBY +0.2% (talking with potential lenders that would finance co during bankruptcy, according to Bloomberg), COP +0.2% (in talks to sell Venezuelan oil in the US to recover close to $10 bln it is owed, according to WSJ), GOOG +0.1% (Verily unit to cut workforce by 15%)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: SCLX -8.7% (stock offering by selling shareholder), ARCC -3.1% (stock offering), VICI -2.3% (stock offering), COIN -1.7% (aware of login issues; has identified the root cause and is working on a fix), TA -1.7% (signs 30 new franchise agreements in 2022), PRPL -1.4% (rejects unsolicited acquisition proposal from Coliseum Capital), DUK -1% (reaches agreement with all parties in South Carolina for its rate review request), HUYA -0.4% (amends license agreement re broadcasting rights for League of Legends Matches), AAPL -0.1% (CEO Tim Cook will take a 40% pay cut in 2023, according to Bloomberg)