After Hours Summary: MU +12.8% higher on earnings; WDC +4.8%, STX +2.4% higher in sympathy; CNXC -13.7%, FUL -9.6%, WS -5.3% lower on earnings; House passes funding bill
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MU +12.8%, NRG +6.5% (raises FY24 adjusted EBITDA guidance)
Companies trading higher in after hours in reaction to news: WDC +4.8% (in sympathy with MU earnings), AOUT +3.7% (authorizes new $10 mln share repurchase program), STX +2.4% (in sympathy with MU earnings), ZETA +2% (unveils Zeta Media Engine, powered by Snowflake), INTC +1.2% (in sympathy with MU earnings), MRVL +1.2% (in sympathy with MU earnings), AMD +1.1% (in sympathy with MU earnings), AIR +1% (signs extension with Singapore Airlines), NVDA +0.7% (in sympathy with MU earnings), ARMN +0.5% (files mixed shelf securities offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CNXC -13.7% (also increases dividend by 10%; releases iX Hello), FUL -9.6%, WS -5.3%, JEF -0.4%
Companies trading lower in after hours in reaction to news: PGY -16.1% (to offer $125 mln exchangeable notes), AHH -4.7% (commences 7 mln share offering), AMTB -1.6% (stock offering), OMCL -1.3% (names new COO), BBWI -0.7% (Retail President steps down, position eliminated; reaffirms guidance), GATO -0.6% (provides updated mine data), PFE -0.4% (voluntarily withdraws all lots of OXBRYTA for sickle cell disease), MSFT -0.3% (OpenAI CTO Mira Murati leaving co, according to Bloomberg; also OpenAI removing non-profit control, giving CEO equity, according to Reuters), NXPI -0.1% (in sympathy with MU earnings), TXN -0.1% (in sympathy with MU earnings)