After Hours Summary: META +18.7% shocks investors with strong earnings, online ad peers higher in sympathy; ALGN +15.6%, ELF +13.3% also higher on earnings; CHX -8.6%, MXL -7.5%, QRVO -4.4% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: META +18.7% (also authorizes new $40 bln share repurchase program), ALGN +15.6%, ELF +13.3%, AFG +3.8% (also declares $4 special dividend), ALGT +3.1%, MCK +3%, KRC +2.3%, HOLX +2.1%, PTC +1.4%, LFUS +0.6%, AVT +0.5%, MTH +0.4%, THG +0.2%, RRX +0.1%, SLM +0.1%
Companies trading higher in after hours in reaction to news: PINS +4% (in sympathy with strong META earnings), TTD +3.6% (in sympathy with strong META earnings), GOOG +3.5% (in sympathy with strong META earnings), FLEX +3% (Nextracker unit announces IPO launch), MGNI +2.9% (in sympathy with strong META earnings), APPS +2.7% (in sympathy with strong META earnings), PUBM +2% (in sympathy with strong META earnings), PLTR +1.2% (announces $50 mln expansion with SOMPO Holdings), CRK +1.2% (reports oil & gas reserves), COST +1.2% (reports Jan comps), ROKU +1.2% (in sympathy with strong META earnings), STNE +0.9% (sells stake in Banco Inter), NFLX +0.3% (in sympathy with strong META earnings), MRK +0.1% (COVID-19 pill linked to new virus mutations, but MRK disputes this, according to Bloomberg), WFC +0.1% (files for $93 bln mixed securities shelf offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CHX -8.6%, MOD -7.9%, MXL -7.5%, CTVA -5.5%, BHE -4.6%, GL -4.5%, QRVO -4.4%, ALL -2.9%, SITM -2.5%, CHRW -2.1%, AFL -2%, MTG -2%, NTGR -1.8%, MET -1.3%, TTEK -1.3%, DXC -1.2%, KLIC -0.3%, CCS -0.2%, EGHT -0.2%, CLB -0.1%, ENVA -0.1%, MUSA -0.1%, UGI -0.1%
Companies trading lower in after hours in reaction to news: VERA -9.1% (commences $75 mln public offering), ROIV -5.3% (commences $150 mln public offering), ANET -2.7% (META to lower cap-ex spend), SNDR -0.1% (increases dividend and authorizes $150 mln stock buyback plan), HWKN -0.1% (increases dividend, also reports earnings), ALEX -0.1% (promotes COO to be new CEO)