After Hours Summary: LEVI +3.6% higher on earnings; WDFC -9.3%, NUS -5% lower on earnings/guidance; GME -5.5% as its CFO steps downAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MRC +4.9% (raises revenue guidance for Q2 and FY22), LEVI +3.6% (also increases dividend by 20%)
Companies trading higher in after hours in reaction to news: LYV +1.3% (extends CEO's employment contract), OXY +0.7% (Berkshire Hathaway raises stake), VLO +0.6% (authorizes new $2.5 bln share repurchase program), BHR +0.3% (provides Q2 operating data), TRNO +0.2% (provides Q2 operating data), AHT +0.2% (provides Q2 operating data), COST +0.1% (reports June comps), GD +0.1% (awarded $280 mln US Army contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: WDFC -9.3%, NUS -5% (guides Q2 revs below consensus)
Companies trading lower in after hours in reaction to news: NRIX -9.2% (announces $55 mln registered direct offering; also reports earnings), GME -5.5% (CFO to step down, names new CFO; also co has laid off employees company-wide, according to Reuters), ALEC -4.4% (ABBV terminates CD33 collaboration program), TWTR -4% (Elon Musk's bid to buy co in jeopardy, according to WaPo; also laying off 30% of its talent acquisition team, according to WSJ), MARA -3.1% (publishes June bitcoin production and miner data), EBS -2.5% (enters into collaboration with Ridgeback to expand availability of Ebanga treatment for Ebola), KALU -1.8% (declares force majeure at Warrick Rolling Mill due to the limited availability of magnesium), MTTR -0.9% (acquires VHT), AUY -0.5% (provides Q2 operating data), RMAX -0.2% (updates strategic initiatives; expects to achieve goal of $100 mln in annual mortgage-related revs by 2028), PM -0.2% (Elliot Mgmt builds stake in Swedish Match AB, plans to oppose deal, according to Bloomberg), BA -0.1% (Qatar Airways indicates that provisional agreement to buy up to 50 737 MAX jets has lapsed, according to Reuters)