After Hours Summary: HCP -22.5%, GME -18.9%, SMAR -15.8%, OXM -10% lower on earnings; SMTC +14%, GEF +5.3% higher on earnings; EXPI +6.5% and PRVA +5.8% get a boost on joining S&P Small Cap 600After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SMTC +14%, GEF +5.3%, VRNT +2.7%
Companies trading higher in after hours in reaction to news: FDMT +19.9% (presents interim data from Phase 1/2 AEROW trial), EXPI +6.5% (to join S&P Small Cap 600), PRVA +5.8% (to join S&P Small Cap 600), AOUT +3.1% (AOUT sues VSTO for patent infringement), FND +0.7% (acquires Salesmaster Flooring Solutions), HP +0.3% (increases share repurchase authorization in FY23)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HCP -22.5% (also to cut workforce by 8%), GME -18.9% (also names Ryan Cohen as Exec Chairman, effective immediately; former CEO terminated), CURV -18.3%, SMAR -15.8%, OXM -10%
Companies trading lower in after hours in reaction to news: AKYA -7.9% (stock offering), CNM -2.7% (announces launch of 14 mln share offering by selling shareholders; also expects to repurchase 3.13 mln of those shares), RPTX -0.5% (reports proof of concept for Lunresertib, initial data from phase 1 MYTHIC trial), AMGN -0.2% (PODD and AMGN to amend supply agreement), UHT -0.1% (increases dividend)