After Hours Summary: NVDA +7.5% higher on earnings, 10-for-1 stock split and dividend increase; DD +4% on plans to separate into three cos; RAMP +15.6%, ZUO +8%, SNOW +3.5% higher on earnings; VFC -11% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RAMP +15.6%, ZUO +8%, NVDA +7.5% (also announces 10-for-1 stock split and dividend increase), ENS +4.5%, SNOW +3.5%, CAAP +0.2%
Companies trading higher in after hours in reaction to news: SMCI +4.5% (in sympathy with NVDA earnings), DD +4% (to separate into three separate publicly traded cos, including separations of its Electronics and Water businesses; also reaffirms Q2 and FY24 guidance; also names new CEO), NWS +3.8% (News Corp and OpenAI announce deal to bring News Corp news content to OpenAI), TSM +2.9% (in sympathy with NVDA earnings), PGNY +2.5% (authorizes new $100 mln share repurchase program), AMD +2.4% (in sympathy with NVDA earnings), HIMS +2% (Director bought 110000 shares), AVGO +1.9% (in sympathy with NVDA earnings), RPRX +1.6% (CYTK and RPRX announce expanded strategic funding collaboration), AMAT +1.2% (in sympathy with NVDA earnings), SOC +0.9% (CEO bought 100000 shares; COO bought 200000 shares), RDN +0.8% (increase share repurchase authorization to $900 mln), WNEB +0.6% (authorizes new 1 mln share repurchase program), RJF +0.1% (names new CFO, and other senior leadership appointments; also reports April operating data)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: VFC -11% (also names new CFO), PLUS -6.4%, SNPS -1.6%, ELF -0.3%, UVV -0.1% (also increases dividend)
Companies trading lower in after hours in reaction to news: CYTK -13.6% (CYTK and RPRX announce expanded strategic funding collaboration; also announces $500 mln stock offering), PLUS -6.4% (authorizes new 1.25 mln share repurchase program), GFS -6% (files $950 mln offering by selling shareholders; concurrent $200 mln repurchase), BE -5.7% ($250 mln green covertible notes offering), GVA -1.8% (wins $89 mln subcontract at airport), AMRX -1.4% (starts supplying OTC Naloxone HCI Nasal Spray to US retail pharmacies and California), WBD -0.3% (DIS and WBD strike deal to share College Football Playoff games, according to WSJ), IMMR -0.1% (renews patent license with Samsung), DIS -0.1% (DIS and WBD strike deal to share College Football Playoff games, according to WSJ)