After Hours Summary: NOW +10%, XM +9.7%, LEVI +8%, STX +5.9%, LVS +2.6% higher on earnings; TER -17.7%, LC -12.1%, LRCX -6%, INTC -2.3% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ARAY +10.6%, NOW +10% (also names new COO), XM +9.7%, LEVI +8%, FLEX +6.7%, MEOH +6.6%, STX +5.9%, AVT +5.4%, CALX +4.9%, WOLF +3.9%, CNMD +2.7%, LVS +2.6%, URI +2.5%, VRTX +1.6%, CCI +1.2%, WHR +1.1%, TSLA +0.7%, XLNX +0.7%, SLG +0.6%, HXL +0.2%, AMP +0.1% (also announces $3 bln share buyback authorization), CNS +0.1%, DRE +0.1%, SEIC +0.1%
Companies trading higher in after hours in reaction to news: TWNK +9.3% (to be added to S&P SmallCap 600), ATRA +8.9% (enters into strategic manufacturing partnership with Fujifilm), GLPG +7.5% (names new CEO), EEFT +7.4% (to be added to S&P MidCap 400), NFLX +4.7% (Pershing Square and Bill Ackman announce that firm has acquired 3.1+ mln NFLX shares over last few days), CNC +4.6% (CNC and CI had preliminary discussions about takeover of CNC, but talks did not lead to serious negotiations, according to Bloomberg), CMP +4.5% (will move from S&P MidCap 400 to S&P SmallCap 600), JACK +3.1% (will move from S&P MidCap 400 to S&P SmallCap 600), DDOG +2.7% (receives FedRAMP moderate impact level authorization), UPST +2.6% (in sympathy with LC earnings report), MARA +1.2% (names new CTO), GM +1% (to hire 8000 technology workers for EVs, according to Reuters), SCHW +1% (increases dividend), NDAQ +1% (enters into $325 mln accelerated stock repurchase agreement), MRO +0.9% (increases dividend), CMI +0.8% (CEO met with President Biden to support Build Back Better Act), CVX +0.5% (increases dividend), SPOT +0.3% (to remove Neil Young music, according to WSJ), OFG +0.2% (increases dividend, also approves new $100 mln stock repurchase auth), WTS +0.2% (will move from S&P SmallCap 600 to S&P MidCap 400), BLL +0.1% (names new CEO), CWT +0.1% (increases dividend), HCA +0.1% (to build five new hospitals in Texas)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: TER -17.7% (also increases dividend by 10%, expects to buy back $750 mln of stock in 2022), LC -12.1%, SIMO -7.9%, LRCX -6%, MKSI -5.6%, EW -5.2%, PTC -3.1%, INTC -2.3% (also raises dividend by 5%), AZPN -0.5%, RLI -0.2%, ISBC -0.1%, PKG -0.1% (also approves new $1 bln repurchase authorization)
Companies trading lower in after hours in reaction to news: EPZM -24.7% (stock offering), ZYME -9.4% (stock offering), GPS -3.2% (will move from S&P 500 to S&P MidCap 400), CI -2.1% (CNC and CI had preliminary discussions about takeover of CNC, but talks did not lead to serious negotiations, according to Bloomberg), RMO -1.6% (files for $350 mln mixed securities shelf offering), CUE -1.4% (reports two objective responses in first interim update from study of CUE-101 and KEYTRUDA), SPPI -0.6% (to be removed from S&P SmallCap 600), OCA -0.4% (terminates merger with Kin Insurance), SWK -0.2% (to restate EPS for last three years), J -0.1% (increases dividend)
