After Hours Summary: LUMN +37.1%, INGN +22%, UPST +16.9%, FTNT +16.3%, CRUS +10.1%, CART +8.2%, RPD +7.8% higher on earnings; ABNB -16.1%, VECO -14.6%, TREX -13.7%, SMCI -12.8% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: LUMN +37.1%, INGN +22%, UPST +16.9%, FTNT +16.3%, VCYT +16.3%, ALTM +13.2%, CRUS +10.1%, AZPN +9.6% (also to reduce workforce by 5%; authorizes up to $100 mln for repurchases), RVLV +9.6%, GO +8.7%, CART +8.2%, SMWB +8.1%, RPD +7.8%, RUN +7.1% (also announces partnership with Tesla Electric), INSP +6.9% (also authorizes new $150 mln share repurchase program), EXEL +6.6% (also authorizes new $500 mln share repurchase program), VFC +6.6%, COOK +6.5%, OSUR +6.2%, AAOI +6%, HALO +5.9%, GCT +5.8%, AGL +5.6%, ANDE +4.8%, ARKO +4.8%, TMCI +4.5%, IFF +3.5%, AXON +3.4%, TEM +2.8%, WYNN +2.7%, ATGE +2.4%, WTI +2.4%, GMED +2.2%, DVN +2.1%, ZLAB +2.1%, AIN +1.9%, PR +1.8%, MTTR +1.7%, NHI +1.5%, IAC +1.4%, RLAY +1.4%, VTEX +1.2%, FSK +1%, GPRO +0.8%, LGND +0.8%, AWR +0.5% (also increases dividend), DVAX +0.5%, LOPE +0.4%, MOS +0.3%, ILMN +0.1%, OUT +0.1%,
Companies trading higher in after hours in reaction to news: SWIM +28% (acquires Coverstar Central), AGIO +13.9% (to receive $1.1 bln in milestone payments following FDA Approval of Vorasidenib), SWI +8.6% (to join S&P SmallCap 600), CRVS +8.3% (files $200 mln mixed shelf securities offering), RLAY +1.4% (files mixed shelf securities offering), NOG +1.3% (increases dividend), RXRX +0.9% (Genentech exercises option for the first Neuroscience Phenomap), BLNK +0.4% (announces strategic agreement with EVSTAR), CHMI +0.4% (files $300 mln mixed shelf securities offering), AUB +0.2% (files mixed shelf securities offering), LOGI +0.1% (names new CFO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: STEM -44% (also names new CFO), EBS -35.5%, NVRO -19.7%, CYRX -16.8% (also announces $200 mln repurchase program and repurchase of $160 mln of convertible notes), ABNB -16.1%, VECO -14.6%, TREX -13.7%, SMCI -12.8% (also announces 10-for-1 stock split), ACAD -12.6%, TRIP -12.1%, AMSC -11.4%, PGNY -10.6%, FLYW -10% (also acquires Invoiced), HDSN -9.6%, ABCL -7%, TOST -6.3%, ASH -6.2%, CPNG -6.2%, MBC -6.1%, RDDT -5.1%, IRBT -5% (also names new COO), TDW -5%, RIVN -4.9%, RDFN -4.7%, ESTA -4.3%, JACK -3.8%, DVA -3.6%, ENLC -3.2%, QLYS -3.1%, ALAB -2.7%, AMGN -2.2%, BGS -1.9%, LAZR -1.8%, SHLS -1.8%, MASI -1.1%, MEG -1%, CRC -0.2% (also increases dividend), GPOR -0.1%, HL -0.1%, MRC -0.1%, NVEI -0.1%, PARR -0.1%
Companies trading lower in after hours in reaction to news: PRCH -15% (files new application to form and license a Texas reciprocal insurance exchange), PGEN -13.3% (commences $30 mln stock offering), EXPE -5.2% (in sympathy with weak ABNB earnings), MYO -3.7% (files $100 mln mixed shelf securities offering), BKNG -2.7% (in sympathy with weak ABNB earnings), RPTX -2.2% (files $350 mln mixed shelf securities offering), EHTH -2.1% (CEO to retire), PNTG -2% (files mixed shelf securities offering), ADCT -1.5% (files $300 mln mixed shelf securities offering), EHAB -1% (CFO to step down), NVO -1% (Wegovy no longer on FDA list for shortages), AGS -0.4% (stockholders approve acquisition by Brightstar), RKLB -0.3% (partners with Kongsberg Satellite Services), WEC -0.2% (enters into equity distribution agreement)