After Hours Summary: NFLX -4.5% lower on earnings; ISRG +2.5% higher on earnings; KBH +2.9% higher on $1 bln share buyback, div increase
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MCB +11.8%, ISRG +2.5%, HTH +1.9%, PFS +1.4%
Companies trading higher in after hours in reaction to news: KBH +2.9% (anounces $1 bln share buyback authorization; also increases dividend by 25%), AESI +2.2% (Kermit Facility operational update), CNS +2.1% (to join S&P SmallCap 600), OCUL +2% (CEO steps down; Exec Chairman to also become CEO), JWN +1.9% (forms special committee in response to Erik and Pete Nordstrom's interest in potentially going private), CYH +1.4% (to sell hospital for $160 mln in cash), NSC +1.4% (outlines path to close margin gap with peers), ETR +1.2% (reaches settlement with New Orleans, accoding to Nola.com), STZ +0.9% (STZ converts common shares of CGC into non-voting and non-participating exchangeable shares of CGC), WBD +0.3% (in sympathy with NFLX earnings), FREY +0.3% (enters into cooperation agreement with Teknovekst Invest), AVAV +0.2% (selected by US Marine Corps for first phase of the Organic Precision Fires-Light program), FC +0.1% (authorizes new $50 mln share repurchase program), UTI +0.1% (renews alliance with Interstate Batteries), SNY +0.1% (restructuring its US commercial ops for vaccines and eliminating jobs, according to Reuters)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NFLX -4.5%, WAL -2.4%, GBCI -0.8%, PPG -0.8% (also authorizes new $2.5 bln share repurchase program)
Companies trading lower in after hours in reaction to news: CGC -6.9% (STZ converts common shares of CGC into non-voting and non-participating exchangeable shares of CGC), FYBR -3.6% (discloses cybersecurity incident), JBL -3.2% (CEO placed on leave pending investigation related to corporate policies), ROKU -1.3% (in sympathy with NFLX earnings), DIS -0.9% (in sympathy with NFLX earnings), CWT -0.8% (reaffirms its commitment to investing $215 mln in PFAS treatment), NYCB -0.7% (names new CFO), PLCE -0.5% (to delay 10-K filing), PARA -0.1% (in sympathy with NFLX earnings)