After Hours Summary: MDB -18.3%, MRVL -15.8%, MEI -12.1% lower on earnings; TREE +13%, VEEV +7.4%, ZS +4.3% higher on earnings; SPRY +5.1% on FDA approval
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: TREE +13%, VEEV +7.4%, ALNT +7.4%, CLMB +6.3%, BALY +6%, ZS +4.3%
Companies trading higher in after hours in reaction to news: SPRY +5.1% (FDA approves neffy 1 mg), CXW +4.7% (resumes operations at Texas facility), BTSG +4.5% (names new CFO), ECPG +2.8% (two insider buys), STRA +1.2% (Chairman bought 10528 shares worth ~$850K), SLN +1.1% (stock offering by selling shareholders), ASR +0.2% (Feb passenger traffic)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MDB -18.3% (also authorizes new $200 mln share repurchase program), MRVL -15.8%, MEI -12.1%, MLR -10.9%, SNBR -7.8% (also names new CEO and Chairperson; not issuing guidance until new CEO evaluates strategies), RGTI -7.8%, GRND -7.6% (also authorizes new $500 mln share repurchase program), ZYME -6.3%, YEXT -5.5% (also increases repurchase authorization by $50 mln), VSCO -4.6%, CMPO -3.7%, LB -1.4%
Companies trading lower in after hours in reaction to news: AVGO -2.5% (in sympathy with weak MRVL earnings), TCRX -1.6% (files $300 mln mixed shelf securities offering), UCTT -1% (CEO resigns for health reasons), CORZ -0.5% (provides Feb production and operations updates), KAI -0.1% (increases dividend), CBOE -0.1% (reports Feb trading volumes)