After Hours Summary: MLKN +9.1%, LULU +7.4%, MU +4.1% higher on earnings; CHWY -13.3% falls on earnings; RH +0.7% up on earnings and plans for a 3-for-1 splitAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MLKN +9.1%, LULU +7.4% (also authorizes $1 bln stock repurchase program), HLTH +6%, MU +4.1%, VRNT +2.3%, RH +0.7% (also announces intent to do a 3-for-1 stock split), PRGS +0.6%, SLGC +0.5%, RCII +0.5% (reaffirms guidance for 1Q22 and FY22, announces mgmt change), PVH +0.3%, CALM +0.1%
Companies trading higher in after hours in reaction to news: VIR +9.6% (to be added to S&P SmallCap 600), RMO +3.9% (announces shipment of first pedigree packs to key customer), CSTL +2.6% (granted Advanced Diagnostic Laboratory Test status by CMS), SUNL +2.3% (names new CFO), WDC +1% (in sympathy with MU earnings), WE +0.8% (appoints CEO Sandeep Mathrani to role of Chairman), DDD +0.7% (to create joint venture with Dussur for expansion of additive manufacturing in Saudi Arabia), KGC +0.3% (to divest Russian assets), CPT +0.2% (to be added to S&P 500), FSR +0.1% (establishes Environmental Policy ahead of Nov 2022 start of production date)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CHWY -13.3%, MVST -7.8%, SPWH -4.3%, CNXC -3.4%
Companies trading lower in after hours in reaction to news: GERN -17.2% (stock offering), NWN -6.1% (stock offering), MTDR -4.6% (to be added to S&P MidCap 400), UDR -2.3% (stock offering), HESM -1.4% (commences offering of 7.9 mln Class A shares by selling shareholders; signs accretive $400 mln sponsor unit repurchase agreement), ARRY -1.4% (concludes that certain periods should not relied upon due to error)