After Hours Summary: OMC -6.7%, IBKR -3.8% both fall on earnings; CVNA -9.7% lower as it spooks investors with Q2 reporting date change to tomorrow pre-mkt; AIR +2.7%, JBHT +2.1% higher on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PNFP +2.8%, AIR +2.7%, JBHT +2.1%, HROW +1.8% (guides Q2 revs above consensus; also acquires US and Canadian commercial rights for VEVYE; also acquires Santen's branded ophthalmic portfolio; also commences public offering), FULT +1.7%
Companies trading higher in after hours in reaction to news: SRT +13.3% (receives takeover offer from CSP Fund at $3.80/sh), STZ +3.2% (enters into info sharing and cooperation agreements with Elliott Mgmt; names new board members), HYPR +2.8% (names new COO), WEST +1.2% (announces additional $25 mln equity investment), NGMS +1.1% (shareholders approve merger), LILM +0.7% (arranges capital raise for $192 mln; remains on track for first manned flight in 2H24), BKH +0.7% (receives approval for new rates in Colorado), RTX +0.6% (awarded $256 mln U.S. Navy contract modification), PBR +0.3% (exceeded 100,000 bpd milestone, according to Offshore Engineer), HON +0.1% (CC and HON work with EU to stop illegal refrigerants from entering at Greek border), HHC +0.1% (provides update on previously announced holding company structure)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OMC -6.7%, UCBI -6.1%, HWC -4.3%, GTLB -4.1% (reaffirms guidance; also names new Chief Revenue Officer), IBKR -3.8%, WAL -2.9%
Companies trading lower in after hours in reaction to news: AQMS -25.4% (stock offering), AMRN -10.5% (names new CEO; also implements organizational restructuring; to reduce non-sales workforce by 30%), HPK -9.9% (commences public offering), AUR -9.9% (commences $200 mln public offering), CVNA -9.7% (changes Q2 reporting date to July 19 pre-mkt from Aug 3), TSE -4.9% (restructures its executive leadership team), KRYS -4.4% (stock offering by selling shareholders), CC -2.1% (CC and HON work with EU to stop illegal refrigerants from entering at Greek border), IPG -1.4% (in sympathy with weak OMC earnings), LSI -1% (EXR and LSI shareholders approve previously proposed merger), AAL -0.5% (pilot deal said to be in jeopardy, according to Reuters), SHOP -0.4% (may invest in online wholesale marketplace Faire, according to Business Insider), BSM -0.1% (announces multi-year mineral rights agreement)