After Hours Summary: INTC sharply higher +7.1% on new factory news and guidance; semi equipment names up in sympathy KLAC +5%, AMAT +4.3%, LRCX +3.4%; GME -10.3% falls on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PLBY +16.2%, HOME +6.2%, BNGO +5.1%, AIR +1.8%, VNET +1.6%
Companies trading higher in after hours in reaction to news: HOFV +75.4% (HOFV signs partnership with DLPN for non-fungible tokens offerings), DLPN +43.3% (HOFV signs partnership with DLPN for non-fungible tokens offerings), INTC +7.1% (announces "IDM 2.0" strategy; to invest $20 bln on two new factories in Arizona; also expects Q1 results to be better than prior guidance but guides FY21 EPS below consensus), IPHI +7% (MRVL's proposed acquisition of IPHI gets Chinese regulatory approval), LH +2.8% (provides business update; announces review of co's structure and capital allocation strategy), MRVL +1.1% (MRVL's proposed acquisition of IPHI gets Chinese regulatory approval), MOS +0.8% (announces a strategic collaboration with AgBiome), LMT +0.3% (awarded $3.7 bln Missile Defense Agency contract), AMZN +0.2% (selects Adam Selipsky to head AWS unit), AZO +0.1% (announces $1.5 bln stock repurchase authorization), KAMN +0.1% (awarded manufacturing contract by Boeing), MO +0.1% (chairman to retire)
Semi equipment names moving higher on Intel building two new plants: KLAC +5%, AMAT +4.3%, LRCX +3.4%, KLIC +1.8%
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: GME -10.3% (also names new COO), SCS -4.7%, ACCD -1.3% (also convertible notes offering), ADBE -0.2% (also CFO to retire), TPB -0.2% (also names new CFO)
Companies trading lower in after hours in reaction to news: CASI -11.8% (stock offering), PRTA -3.4% (stock offering), NEE -2.1% (files mixed securities shelf offering), AMD -1.6% (Intel news), TMO -0.4% (launches COVID testing program for schools), OI -0.1% (to expand Columbia facility), CDXC -0.1% (stock offering)