After Hours Summary: NEWR +15.3%, FTNT +12.9%, ENPH +7.2%, KD +5.5% higher on earnings; LUMN -16.1%, BKH -5.7%, CMG -4.5% lower on earnings; MANU +12.2% jumps on DailyMail report of a Qatari bid soonAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NEWR +15.3% (also William Hill is standardizing on New Relic), FTNT +12.9%, ENPH +7.2%, KD +5.5%, TENB +3.6%, RXO +3.3%, HIW +3.2% (also files mixed securities shelf offering), RAMP +2.8%, WFRD +2.5%, ITUB +2.5%, INSP +2.3%, EXEL +2.1%, VFC +2% (also cuts dividend; also commences strategic review for its Global Packs business), PEAK +1%, WU +0.9%, ZWS +0.6% (also announces $500 mln share repurchase auth), AIZ +0.1%, VOYA +0.1%
Companies trading higher in after hours in reaction to news: MANU +12.2% (Qatari investors will bid for MANU within days, according to DailyMailUK), PANW +3.8% (in sympathy with strong FTNT earnings), NCNO +3.5% (announces reseller agreement with Rich Data), BBBY +3.3% (announces closing of public equity offering; provides strategic update), AOSL +1.2% (license agreement with leading power semiconductor automotive supplier), EBAY +0.7% (announces 4% workforce reduction; plans to simplify structure), GPOR +0.6% (provides Q4 production update), MSFT +0.6% (plans to release ChatGPT technology for other companies to customize, according to CNBC), KREF +0.1% (increases share repurchase auth by $100 mln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: LUMN -16.1%, BKH -5.7%, JKHY -4.9%, CMG -4.5%, SSNC -4.3%, PRU -2.7% (also authorizes new $1 bln share repurchase program), CCK -2.4%, PAYC -2.3%, VSAT -2.1%, RRR -2%, SIMO -2%, HRB -1.8%, ICHR -1.6%, FMC -1.4%, CMP -1%, ILMN -0.9%, AMCR -0.8% (also authorizes additional $100 mln share repurchase program), YUMC -0.8% (also increases dividend), EHC -0.6%, ESS -0.2%, FRSH -0.2%, VRTX -0.2%, NCR -0.1%
Companies trading lower in after hours in reaction to news: XPOF -9.5% (commences 5 mln share offering by selling shareholders), TMCI -6.2% (commences $100 mln stock offering; also files mixed securities shelf offering), RXST -5.6% ($40 mln stock offering) DT -5.3% (commences 15 mln share offering by selling shareholders), AVXL -2.5% (stock offering), ARNC -1.9% (reports loss on sale of Russian ops), FRC -1.9% (stock offering), OPNT -1% (CFIUS approves Opiant merger), ASR -0.2% (reports January 2023 traffic), MET -0.2% (to acquire Raven Capital Mgmt)