After Hours Summary: ORCL +10.5%, AVGO +6.3% up sharply on earnings; AOUT -19.1%, CHWY -7.7%, LULU -2.1% lower on earnings; AI +20.6% jumps on DoD dealAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ORCL +10.5% (also increases share repurchase program by $10 bln), AVGO +6.3% (also increases dividend by 14%; announces new $10 bln share repurchase program), CXM +3.2%, CF +2.6% (raises FY21 adjusted EBITDA guidance), GTE +2.5% (issues FY22 guidance), TGLS +1.9% (raises FY21 revenue and EBITDA guidance; responds to short seller report), LESL +1.8% (also announces $300 mln share repurchase authorization), COST +0.7%
Companies trading higher in after hours in reaction to news: AI +20.6% (receives $500 mln agreement from US Dept of Defense), BTG +5.9% (reaches agreement in principle for Menankoto exploration permit), HALO +5.8% (authorizes new $750 mln share repurchase program), INTT +5.6% (to acquire Acculogic for approx $9 mln), RRD +2.3% (Chatham Asset Mgmt increases offer to acquire RRD to $10.85/sh in cash), ORC +1.8% (increases share repurchase program to bring it up to 10% of shares outstanding), CCK +1.5% (authorizes new $3 bln share repurchase program), WM +1.4% (increases dividend; also approves $1.5 bln share repurchase program), NEWP +1.1% (appoints prior CEO and founder Dr. Rui Feng as Chairman), FTI +0.7% (awarded three frame agreements by Petrobras), AB +0.4% (reports Nov AUM), VAL +0.4% (announces support agreement with the Seatankers)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AOUT -19.1% (also announces $15 mln share repurchase program), MESA -13.1%, CHWY -7.7%, MTN -5.4%, FIZZ -4.9%, LULU -2.1%
Companies trading lower in after hours in reaction to news: ANGN -19.2% (reports topline results from Phase 2 GUARD Trial of ANG-3777), EVBG -18.1% (CEO to resign; also reiterates Q4 guidance), IMUX -5% (enrolls first patient in its Phase 1 trial of IMU-935), TUP -1.5% (to open strategic global sourcing center in Singapore), YELL -0.5% (provides update for Q4 operating metrics), BK -0.5% (files mixed securities shelf offering), IVZ -0.2% (reports Nov AUM), SNA -0.2% (files mixed securities shelf offering), PTRA -0.1% (names new CEO), FMC -0.1% (signs agreements with CTVA for the supply of growers seed treatment insecticides), MSFT -0.1% (offered to bring Xbox-exclusive games to iPhone, according to TheVerge)