After Hours Summary: MU +4.3%, MLKN +3.4% higher on earnings; CALT +26.9% as FDA approves TARPEYO; BB -1.8% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MU +4.3%, MLKN +3.4%
Companies trading higher in after hours in reaction to news: CALT +26.9% (announces full FDA approval of TARPEYO), IMVT +6.4% (IMVT announces initial Phase 2 results for Batoclimab), ROIV +5.5% (IMVT announces initial Phase 2 results for Batoclimab), AZO +2% (increases share buyback auth by $2 bln), WDC +1.9% (in sympathy with MU earnings), LQDA +0.7% (appeals court affirms decision to invalidate all claims of UTHR patent), LUV +0.7% (reaches tentative labor deal with pilots), GIS +0.6% (approves restructuring in Q2 to enhance commercial strategy and organizational structure of its Pet segment), BSIG +0.5% (authorizes new $100 mln share repurchase program), FLNC +0.4% (responds to article relating to its Diablo Energy Storage contract), ACCO +0.4% (announces cost savings plan; to reduce headcount by 300), KRRO +0.3% (stock offering by selling shareholders), ANNX +0.3% (outlines registrational program for ANX007; also reports Phase 1 results for ANX1502; also prices $125 mln offering), JOBY +0.1% (completes series of air traffic simulations with NASA), LMND +0.1% (Co-CEOs Shai Wininger and Daniel Schreiber to return to previously roles), NSC +0.1% (files mixed shelf securities offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BB -1.8%, PK -0.2%
Companies trading lower in after hours in reaction to news: IPHA -4% (files $200 mln ADS offering), FEAM -2.6% (files $50 mln mixed shelf securities offering), TXG -1.4% (launches its Xenium Catalyst Network), PLAY -1.2% (CFO to retire), ADT -0.8% (CFO to step down), RMD -0.1% (conducts voluntary global field action to update guides for all masks with magnets), STX -0.1% (in sympathy with MU earnings)