After Hours Summary: MSFT -1.1% initially traded higher following earnings, but guidance on call a bit light; ISRG -9.5%, FFIV -4.3% also lower on earnings; FOXA +5.9% as Murdoch withdraws proposal for NWS-FOX mergerAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: EHTH +21.8%, LRN +14.7%, NAVI +6.1%, MRTN +3.6%, AGYS +1%, FCF +1%, SLGN +0.2%, OGS +0.1% (also increases dividend)
Companies trading higher in after hours in reaction to news: TUSK +7.6% (submits $379 mln claim to FEMA), FOXA +5.9% (Murdoch withdraws proposal for NWS-FOX merger), VRA +4.8% (streamlines corporate structure, eliminates certain roles), NWSA +3% (Murdoch withdraws proposal for NWS-FOX merger), VCSA +3% (approves a 17% workforce reduction plan; also confirms prior guidance for Q4), FOX +2.4% (Murdoch withdraws proposal for NWS-FOX merger), DCPH +2% (presents results from ctDNA Analysis of INTRIGUE Phase 3 study), FTI +1.3% (awarded substantial MSA for subsea services with Petrobras), LBRT +0.9% (increases existing share repurchase authorization to $500 mln), NKLA +0.4% (to collaborate with Fortescue Future re large-scale US green hydrogen facilities)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ISRG -9.5%, NXGN -4.7%, FFIV -4.3%, CNI -3.7% (also approves normal course issuer bid to repurchase up to 32 mln shares; also increases dividend), TRMK -1.2%, MSFT -1.1%, COF -1%, TXN -0.5%
Companies trading lower in after hours in reaction to news: PGEN -14.2% (Phase 1 data for PRGN-2012 AdenoVerse; also commences $75 mln offering), KOPN -5.7% (stock offering), PACB -5.4% (commences $150 mln stock offering), NETI -2.5% (signs two new contracts in NW Europe), HMN -0.3% (provides estimate of damage due to Winter Storm Elliott), AREN -0.2% (files for 505,655 share offering by selling shareholders), EFC -0.1% (files mixed securities shelf offering)