After Hours Summary: MSFT rebounds during earnings call, now up 3%; TXN +3.7% also higher on earnings; FFIV -13.6%, NAVI -9.3% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: LRN +6.6%, TXN +3.7%, MRTN +3.5%, MSFT +2.7%, AGYS +1.5%, HA +0.2%
Companies trading higher in after hours in reaction to news: ET +3.3% (increases dividend), PROG +1.3% (announces new patent), SONY +0.6% (ATVI will release next 3 games of Call of Duty on Sony PlayStation, according to Bloomberg), ATVI +0.4% (ATVI will release next 3 games of Call of Duty on Sony PlayStation, according to Bloomberg), SB +0.3% (to acquire vessel), F +0.3% (CEO to meet with President Biden to discuss Build Back Better, according to CBS News), GM +0.2% (CEO to meet with President Biden to discuss Build Back Better, according to CBS News), DASH +0.1% (names Netflix exec to its board)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FFIV -13.6%, NAVI -9.3%, CNI -5.1% (also names new CEO; also approves new C$5 bln normal course issuer bid; increases dividend by 19%; announces resolution agreement with TCI), COF -3.7%, UMBF -3.4%, QCRH -1.1%, FCF -0.1%, RNR -0.1%
Companies trading lower in after hours in reaction to news: EFTR -4.1% (stock offering), MRUS -3.3% (MRUS regains worldwide rights to MCLA-145 from INCY), SRRA -2.8% (stock offering), GSL -2.1% (provides update on recent chartering and refinancing activity), EGHT -1.6% (stock offering), INCY -0.9% (withdraws NDA for parsaclisib; confirms opt-out of development of MCLA-145)