After Hours Summary: NFLX +16.0%, WWD +12.4%, CREE +6.1%, AM -3.3%, IBKR -1.9%, IBM -1.6% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: NFLX +16.0%, WWD +12.4%, CREE +6.1%, SMCI +1.6%, CLS +0.7%
Companies trading higher in after hours in reaction to news: RLH +3.2% (announced formation of a joint venture; refinanced debt to accelerate execution of national growth strategy), DAN +3.1% (to replace CBST in the S&P MidCap 400), CALL +2.8% (announced that it is in beta testing on two APPs in the U.S. and Mexico, respectively), NSP +1.8% (Starboard Value disclosed 13.2% active stake in 13D filing; suggests that co should consider share repurchases and explore a potential sale in letter to Board), ADHD +1.7% (Great Point Partners disclosed 5.6% passive stake in 13G filing), TKMR +1.7% (RA Capital Management discloses 9.9% passive stake in 13G filing)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: AM -3.3%, IBKR -1.9%, IBM -1.6%, NSLP -1.5%, CA -1.4%, AMD -0.9%
Companies trading lower in after hours in reaction to news: ARNA -6.8% (announced it intends to offer and sell shares of its common stock; all shares offered by Arena, details not yet disclosed), KERX -3.5% (announced it has commenced a $100 mln underwritten public offering of shares of its common stock), PBYI -3.2% (announced it is commencing a public offering of 1 mln shares of its common stock; terms not disclosed), SYRG -3.0% (provided operations update and updated fiscal second quarter production guidance; co's second fiscal quarter production is running below expectations due to a delay in completions by other operators), NERV -2.6% (announced $15 million debt facility with Oxford Finance LLC and Silicon Valley Bank),