After Hours Summary: Oracle and Microsoft announce partnership; NUE -3.3% falls on guidance; LEN -0.9%, ADBE -0.8% slightly lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MITK +3.9%
Companies trading higher in after hours in reaction to news: TKC +1.7% (names new CEO and Chairman), JBHT +1.6% (to purchase the brokerage operations of BNSF Logistics), DIS +0.5% (expects to fall "tens of millions" of subs below FY24 Disney+ goal according to Bloomberg), ORCL +0.4% (Oracle and Microsoft announce Oracle Database@Azure), COP +0.4% (to secure additional regasification capacity in Europe), MSFT +0.2% (Oracle and Microsoft announce Oracle Database@Azure), RBLX +0.2% (appoints Jason Kilar to its board; recently served as CEO of Warner Media), LE +0.1% (names new CFO), GOOG +0.1% (California AG announces $93 mln settlement), OIS +0.1% (contract award for Merlin Deepsea Mineral Riser System), OGN +0.1% (announces publication of RUBY study results)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NUE -3.3% (guides Q3 EPS below consensus), LEN -0.9%, ADBE -0.8%, CPRT -0.1%
Companies trading lower in after hours in reaction to news: HGBL -2.9% (files $150 mln mixed shelf securities offering), ALRS -1.9% (files for $125 mln mixed securities shelf offering), CNM -1.5% (launches 18 mln share offering; also expects to repurchase and redeem 3.12 mln shares), STLD -1.5% (in sympathy with weak NUE guidance), TMUS -1.2% (in discussions with Tillman Global to build fiber-optic network, moving into the landline broadband industry, according to Bloomberg), LECO -0.7% (receives initial order to supply four Velion 150kW DC fast chargers to DC-America), X -0.7% (in sympathy with weak NUE guidance), CPA -0.6% (reports August traffic), F -0.4% (CEO appears on CNBC to discuss strike; CEO says strike would cause significant adverse impacts across Ford's manufacturing), DDD -0.4% (insourcing manufacturing of two more strategic printer platforms), PDS -0.2% (to acquire up to approximately 10% of its shares), AMZN -0.1% (Oracle and Microsoft announce Oracle Database@Azure)