After Hours Summary: IBM +3% higher on earnings; AA -7.7%, WDFC -5.7%, TSLA -3.7% lower on earnings; ALL -9.3% on Q3 catastrophe lossesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SMCI +17.6% (increases guidance for EPS and revs for SepQ), LBRT +3.9%, UMPQ +3.4%, IBM +3%, HOV +1.4%, LRCX +0.9%, CVBF +0.8%, STLD +0.5%, ROCC +0.5%, EFX +0.3%
Companies trading higher in after hours in reaction to news: CE +2.6% (increases dividend), T +0.2% (in discussions to create JV that would invest blns on fiber-optic network expansion, according to BNN Bloomberg)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ALL -9.3% (estimates Q3 catastrophe losses; provides preliminary Q3 results), AA -7.7%, WDFC -5.7%, KNX -5.2%, TSLA -3.7%, KMI -2.8%, RLI -2.6%, PPG -1.6% (also names new CEO), LVS -0.8%, HPE -0.3% (reiterates FY22 earnings and sales outlook; guides FY23 earnings in-line with consensus), SLG -0.2%, CNS -0.1%, REXR -0.1%, WU -0.1% (guides Q3 EPS and revs above consensus)
Companies trading lower in after hours in reaction to news: CENX -1.1% (in sympathy with AA earnings), GT -0.5% (approves plan to close its Melksham, U.K. tire facility), RIVN -0.5% (fixes significant majority of its 12,000+ recalled vehicles, according to TechCrunch), NOG -0.4% (to acquire interest in Core Midland Basin development project for $330 mln), SAP -0.4% (in sympathy with IBM earnings), WMG -0.3% (PINS partnering with WMG to bring their music onto its platform), PINS -0.2% (PINS partnering with WMG to bring their music onto its platform), RE -0.1% (estimates Q3 catastrophe losses)