After Hours Summary: LRCX -6.7%, IBM -5.7%, BMI -5.3%, CSX +4.3%, ISRG +3.8%, UAL +2.8% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CSX +4.3%, ISRG +3.8%, UAL +2.8%, IBKR +1.2% (light volume)
Companies trading higher in after hours in reaction to news: TLGT +15.9% (received approval of its ANDA of Clobetasol Propionate Cream USP, 0.05%; to launch product in Q2), RIGL +6.1% (confirms FDA approval of TAVALISSE for the treatment of thrombocytopenia in adult patients with chronic immune thrombocytopenia; tgt raised to $8 at BMO Capital Markets), NSC +1.8% (following CSX results), TSLA +1.7% (after Elon Musk letter to employee circulated indicating internal target of 3-4K Model 3 weekly production rate next month and 6K by the end of June), JBLU +1% and AAL +1% (following UAL results), SIG +0.8% (CEO disclosed the purchase of 8980 shares worth ~$350K)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: LRCX -6.7%, IBM -5.7%, BMI -5.3%, ETH -2.4% (Ethan Allen sees Q3 EPS below estimates; started repurchasing shares in April)
Companies trading lower in after hours in reaction to news: AGLE -10.5% (commences underwritten public offering of 4.5 mln shares of its common stock), MBII -4.4% (to offer shares of common stock in an underwritten public offering), SJI -3.9% (to conduct concurrent registered public offerings of up to $325 million of shares of its common stock and 5.0 million Equity Units)
Semi/tech names lower following LRCX / IBM results: AMAT -2.4%, KLAC -1.9%, MU -1.8%, SMH -0.9%, XLNX -0.7%, NVDA -0.6%, ASML -0.5%![]()