After Hours Summary: MU +14.3%, GES +10.5% higher on earnings; FIVE -12.7%, SCS -8.6%, CHWY -3.1% lower on earnings; INDI +7.2% as it invests in AI processor company
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MU +14.3%, GES +10.5% (also declares special dividend of $2.25/sh), CAAP +1.1%, KBH +0.1%
Companies trading higher in after hours in reaction to news: INDI +7.2% (makes strategic investment in AI processor co), WDC +4.9% (in sympathy with strong MU earnings), STX +1.7% (in sympathy with strong MU earnings), HRTG +1.6% (authorizes new $10 mln share repurchase program), KKR +0.3% (to acquire majority stake in Avantus), NTNX +0.2% (files patent infringement lawsuit against Tessell), SNPS +0.2% (approves sale process its Software Integrity business; also updates FY24 guidance), GTLB +0.1% (acquires Oxeye), SMG +0.1% (forms distribution partnership with BFG Supply)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FIVE -12.7%, SCS -8.6%, CHWY -3.1%, WOR -2.3%
Companies trading lower in after hours in reaction to news: STVN -3.4% (files mixed shelf securities offering; also launches $300 mln share offering), RVTY -2.9% (files complaint against Cloud Software Group; also reaffirms FY24 guidance), AAPL -1.5% (DOJ planning to sue for antitrust violations according to Bloomberg), HLVX -1.4% (files $500 mln mixed shelf securities offering), ARBE -1% (opens an office in Shanghai), CCI -0.5% (enters $750 mln common stock sales agreements), GSK -0.5% (to cap out-of-pocket inhaler costs, according to Reuters)