After Hours Summary: IBM +4.5% on its largest EPS beat in past 4 qtrs; HIBB +24.7% as JulQ comps are expected to exceed +70%; ACAD falls -11.6% on disappointing Phase 3 dataAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: HIBB +24.7% (says JulQ comps expected to exceed +70%; digital comps +200%), IBM +4.5% (largest EPS beat in past 4 qtrs, strong revenue upside as well), CDNS +3.2%, NUVA +2.9% (guides Q2 revs well ahead of consensus ests), STLD +0.3%
Companies trading higher in after hours in reaction to news: NBEV +73.6% (to acquire ARIIX), FHB +9.8% (to join S&P SmallCap 600), DKS +6% (in sympathy with strong comps from HIBB), RTIX +5.6% (closes on sale of OEM business, will change name and ticker), NVAX +4.3% (will present progress of NVX-CoV2373 on Tues morning), SYNA +4% (to acquire DisplayLink for $305 mln), CWH +2.7% (increases dividend), GNW +2.3% (reaches agreement to settle dispute with AXA), LMT +0.8% (awarded $860 mln Navy contract), DXC +0.7% (to sell healthcare software provider for $525 mln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CCK -3.5%, LLNW -2.2%, ZION -0.5%, ACC -0.3%, ELS -0.1%
Companies trading lower in after hours in reaction to news: ACAD -11.6% (Phase 3 study did not achieve statistical significance on primary endpoint; also announces FDA acceptance of sNDA filing for NUPLAZID), PIRS -10.1% (discloses partial clinical hold on phase 1 studies of PRS-343), CTSO -8.2% (stock offering; also guides Q2 revs slightly above consensus; REFRESH 2-AKI trial may restart this qtr), KNSA -6.8% (commences $100 mln stock offering), QIWI -6% (announces offering by selling stockholders), OPCH -5.1% (stock offering), EBS -3.4% (to join S&P MidCap 400), ULTA -0.5% (provides update, has re-opened stores; will temporarily reduce new store openings and close a limited number of stores this year)