After Hours Summary: IBM +3.3%, HXL +3% trade higher on earnings; JCOM +4% to separate into two publicly traded cos; UAL -1.8% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: IBM +3.3%, HXL +3%, FNB +1.9%, WTFC +1.3%, CCK +1.2%, ZION +0.5%, ELS +0.1%
Companies trading higher in after hours in reaction to news: AVNW +5.2% (signs multi-million dollar 5G network agreement with Africell), JCOM +4% (to separate into two publicly traded companies), GNK +1% (outlines strategy for dividend payouts, growth and deleveraging), AMGN +0.4% (FDA grants Breakthrough Therapy Designation for investigational bemarituzumab), MTX +0.2% (signs agreement for construction of PCC plant), RE +0.1% (provides Q1 data on catatrosphe losses), GRA +0.1% (licenses its UNIPOL PP process technology and UNIPPAC software to Sinochem), TRQ +0.1% (provides production updates for Oyu Tolgoi mine)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: UAL -1.8%, STLD -0.9%
Companies trading lower in after hours in reaction to news: FUTU -6.3% (ADS offering), ZLAB -5.7% (ADS offering), SPNE -4.2% (announces limited commercial launch of 3D-printed WaveForm TO Interbody System), AAL -1.4% (to reduce flights to certain destinations in South America amid reduced demand related to COVID-19, according to Reuters), NCNA -1.4% (NCNA files patent infringement suit against GILD), PRI -0.4% (to acquire e-TeleQuote), IBP -0.3% (acquires Alpine Construction Services), GNW -0.3% (files registration statement for IPO), JNJ -0.2% (will not pursue regulatory submissions based on Phase 3 ACIS study), APD -0.1% (reports Kochi is supplying syngas to Bharat Petroleum)