After Hours Summary: IBM -3.3% trades lower on earnings but STLD +10.8% and EFX +4.8% jump on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ACC +13.6%, STLD +10.8%, WES +7.7% (withdraws FY20 guidance), EFX +4.8%, CCK +1.5%, SJM +1.3% (raises FY20 EPS and revenue guidance), TBK +0.3%
Companies trading higher in after hours in reaction to news: GVA +4.8% (wins $245 mln subcontract by Fluor Marine), SGMS +2.6% (wins new 6-year contract with South Carolina Education Lottery), CERS +2% (announces expansion of BARDA contract), CHH +0.8% (announces workforce reductions)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: IBM -3.3%, GO -1.7% (guides Q1 revs higher, but also announces stock offering by selling shareholders), HXL -1%, ZION -1%, CDNS -0.6%
Companies trading lower in after hours in reaction to news: CACC -6.7% (delays 10-Q, sees likely adverse impact from COVID-19), CWEN -4.1% (to acquire and invest in a portfolio of renewable energy projects), DRI -2.9% (announces $400 mln stock offering), TW -1% (files for 10.95 mln share common stock offering), ALB -0.7% (appoints J. Kent Masters as Chairman and CEO), SAP -0.1% (co-CEO Jennifer Morgan will depart, Christian Klein will continue as sole CEO)