After Hours Summary: ORCL -4.7% falls on weak guidance as co plans to double Cloud CapEx spend in FY22; HRB -2.2% and LZB -1.8% also lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: STEP +0.6%
Companies trading higher in after hours in reaction to news: MFA +2% (increases dividend), SPRO +1% (initiates two Phase 1 trials of SPR206), ETON +0.9% (acquires US and Canadian rights to ZENEO hydrocortisone needleless autoinjector), WRB +0.9% (declares $0.50/sh special dividend; also increases regular dividend), MITT +0.9% (increases dividend), C +0.5% (CFO says revenue from trading operations will probably fall, according to Bloomberg), MITK +0.3% (authorizes $15 mln share repurchase plan), BV +0.1% (acquries Baytree Landscape Contractors)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ORCL -4.7% (guides AugQ EPS below consensus as co expects to roughly double Cloud CapEx spend in FY22), HRB -2.2% (also increases dividend by 4%; changes fiscal year-end from April 30 to June 30), LZB -1.8%, AZRE -0.1%
Companies trading lower in after hours in reaction to news: APRN -13% (stock offering), NMG -7.2% (stock offering), RBLX -7.1% (reports May 2021 key metrics), APTX -2.9% (provides update on NYX-783 development program), ED -0.9% (stock offering), BLK -0.7% (BLK and Cassini Systems announce strategic partnership for Aladdin), PMT -0.5% (files mixed securities shelf offering), T -0.2% (provides update on its outlook; expects WarnerMedia to benefit from improvements in ad revs in 2H21), SBUX -0.1% (announces several leadership changes including new COO), GIII -0.1% (COO to transition to senior strategic advisor)