After Hours Summary: IBM initially pops on earnings, but comes back down to earth during call; SDC pops +11.1% on strategic reviewAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CFB +4.8%, IBTX +4.4%, MDRX +1.1% (issues upside Q4 rev guidance, also approves new $250 mln share repurchase program), IPAR +1% (guides Q4 revs above consensus; guides FY22 earnings and revs above consensus), IBM +0.2%, CR +0.1% (also increases dividend)
Companies trading higher in after hours in reaction to news: SDC +11.1% (announces series of strategic actions, including reduction of workforce; reaffirms FY21 rev guidance), CPLP +2.9% (increases dividend), SON +2.2% (to increase prices for all paperboard tubes and cores), HLGN +1.2% (stock offering), FTI +0.2% (awarded EPCI contract from Petrobras), CSX +0.1% (names new CFO), HESM +0.1% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BRO -1.3%, STLD -0.5%, PETS -0.5%, HOPE -0.3% (also authorizes new $50 mln stock repurchase program)
Companies trading lower in after hours in reaction to news: DCPH -2% (presents results from the INTRIGUE Phase 3 study), FB -0.7% (provides details on new financial reporting structure), PCG -0.4% (proposes nine new battery energy storage projects), LULU -0.4% (stock offering), JNJ -0.3% (Janssen Pharma announces conclusions comparing TREMFYA to advanced therapies), IIPR -0.3% (files mixed securities shelf offering), EFTR -0.2% (provides pipeline updates; establishes investment agreement with Lincoln Park Capital), LXFR -0.2% (CFO to retire; names new CFO), AGX -0.1% (increases existing share repurchase program to $50 mln from $25 mln), WMT -0.1% (Mexico unit considering strategic alternatives, according to Reuters citing company)