After Hours Summary: NKE -3.8% falls on earnings, weak guidance; COST +0.6% ticks higher on earnings; PRGS +6.8% up nicely on big beat/M&A newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AEHR +21.7% (issues upside guidance for Q1, raises FY22 guidance), PRGS +6.8% (also to acquire privately held Kemp for $258 mln), COST +0.6%
Companies trading higher in after hours in reaction to news: VTVT +18.6% (announces results from multiple ascending dose study evaluating HPP737 for psoriasis), GLYC +3.5% (announces publication of data from study of uproleselan in journal BLOOD), GDYN +2.4% (enters into strategic partnerships with Evinced to drive accessibility in mobile app development), FLGT +1.8% (to provide COVID-19 testing to Houston-area public schools), TMO +1% (announces $3 bln share repurchase authorization), TAST +1% (CEO to retire), LMT +0.6% (increases dividend; also authorizes repurchase of up to an additional $5 bln of stock), ERJ +0.3% (EmbraerX announces aerial agriculture partnership with Pyka), BNTX +0.1% (CDC panel endorses Pfizer booster for people 65+, according to CNBC), LOKB +0.1% (Navitas and BRUSA announce development partnership to accelerate EV adoption), AVB +0.1% (increases guidance for residential rental revenue for Same Store communities), TREB +0.1% (System1 raises guidance)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CAMP -9.1%, NKE -3.8%, AIR -2.1%, MTN -1.7%, HNI -0.2% (lowers Q3 revenue guidance)
Companies trading lower in after hours in reaction to news: MGY -1.9% (announces proposed block trade of 7.5 mln shares by EnerVest), EFTR -1.6% (stock offering), INVH -1.4% (stock offering), BLL -0.2% (announces plans to build a new US aluminum beverage packaging plant in Las Vegas), PFE -0.1% (CDC panel endorses Pfizer booster for people 65+, according to CNBC), PEB -0.1% (acquires Margaritaville Hollywood Beach Resort for $270 mln)