After Hours Summary: Most big names reporting earnings are lower: CHPT -13%, ZS -11.3%, MRVL -8.5%, ESTC -4.1%, DELL -2.9%, COST -2.5%, AVGO -1.1%; BMBL -7.3% falls on stock offeringAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AI +17.3%, ARDX +9%, IAS +7.7%, XPOF +6.9%, PAGS +6.5%, VMW +1.6%, HPE +1.2% (also acquires Axis Security), IOT +1%
Companies trading higher in after hours in reaction to news: CRMD +8% (announces regulatory and manufacturing updates), SOI +7.2% (increases dividend and authorizes a $50 mln share repurchase program), MARA +1.1% (publishes Feb bitcoin production and miner installation updates), YOU +1% (to delay 10-K filing), RIOT +0.8% (to delay 10-K filing; also reports earnings), ASO +0.6% (increases dividend), NDAQ +0.3% (reports February 2023 volumes), C +0.1% (plans to lay off less than 1% of its workforce, according to Reuters)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CHPT -13%, ZS -11.3% (also announces 3% workforce reduction), MRVL -8.5%, ESTC -4.1%, VSCO -3.3%, DELL -2.9% (also increases dividend and names new CFO), COST -2.5%, AVGO -1.1%, VVX -0.1%
Companies trading lower in after hours in reaction to news: VERU -39.2% (FDA declines to grant request for EUA for sabizabulin), CDTX -16% (announces concurrent but separate offerings of its common stock and convertible preferred stock), BMBL -7.3% (stock offering), MIR -4.2% (stock offering by selling shareholders), RYTM -2% (files mixed securities shelf offering), XMTR -1.9% (to delay 10-K filing), SIX -0.7% (to delay 10-K filing), LMND -0.7% (to delay 10-K filing), ECVT -0.4% (announces that certain funds to sell remaining interest in co), WMT -0.2% (CEO plans to stay on for at least three more years, according to WSJ), ZM -0.2% (terminates employment of Greg Tomb as President), FBRT -0.1% (to delay 10-K filing), RYI -0.1% (acquires BLP Holdings), SPWR -0.1% (to delay 10-K filing), NE -0.1% (to delay 10-K filing)