After Hours Summary: OKTA +13.1%, PVH +10.5%, FIVE +8.9%, SPLK +7.9%, SNPS +6% higher on earnings; GIII -22.8%, ESTC -15.6%, CRM -6.6%, SNOW -5.4% lower on earnings; OFIX +7.3% receives competing takeover bidAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: OKTA +13.1%, PVH +10.5% (also extends license agreements with GIII), FIVE +8.9%, SPLK +7.9%, SNPS +6%, YEXT +2.4%, PSTG +2.1%, NTNX +0.8%
Companies trading higher in after hours in reaction to news: OFIX +7.3% (receives competing takeover bid from private equity), RGR +5.5% (declares special dividend of $5.00/sh), INVA +1.3% (FDA accepts Priority Review of NDA for Sulbactam-Durlobactam), EDAP +0.7% (French authorities approve co's plans to initiate a Phase 3 trial on HIFU), GE +0.6% (board approves previously announced spin-off of its healthcare business), RTX +0.3% (awarded a $1.22 bln US Army contract), USPH +0.2% (acquires 13-clinic physical therapy practice), AMZN +0.2% (WBD to partner with Amazon Studios to create new animated projects based on DC Comics, according to TheVerge), AEL +0.1% (files for 15,886,163 share offering by selling shareholders ), BA +0.1% (awarded options to its US Air Force contract for $235 mln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: GIII -22.8% (also extends license agreements with PVH), ESTC -15.6% (also announces workforce reduction), CRM -6.6% (also Bret Taylor will step down as Vice Chair and Co-CEO on Jan 31; Marc Benioff will be Chair and CEO), SNOW -5.4%, OGS -3.9% (issues downside FY23 EPS guidance), SMTC -2.4%, VSCO -2.1%, LZB -1.7% (also increases dividend by 10%), NCNO -0.9% (also Bank of New Zealand selects nCino Bank Operating System), BOX -0.7%
Companies trading lower in after hours in reaction to news: SHLS -10.3% (CEO to step down for health reasons; also launches 20 mln share offering; also files mixed securities shelf offering), FREY -9.8% (stock offering), CTO -5.4% (commences 2.5 mln share offering), NTLA -4.9% (commences $250 mln stock offering), COST -3.2% (reports Nov comps), ISEE -2.7% (commences $250 mln stock offering), FANG -2% (files for 5,920,818 share offering by selling shareholders), LMND -1.5% (stock offering), AUPH -0.6% (UK grants Great Britain marketing authorization of LUPKYNIS), WW -0.5% (CFO to step down), JNJ -0.5% (CEO also to become Chairman), BY -0.4% (to merge with Inland Bancorp), LLY -0.2% (donanemab met all primary and secondary endpoints in Phase 3 study)