After Hours Summary: ORCL +2.2% ticking higher on earnings; ASAN -26% plunges on earnings, UAL -11.2% falls on slashed guidance, weighs on airline peers
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SUPV +7.4%, METC +7.1%, PAY +6%, SARO +4.5%, MTN +4.2%, FTK +4.2%, ILMN +3.5% (also cutting $100 mln in costs), ORCL +2.2%, HPK +1.9%, CHRS +1.9% (reducing headcount by 30%) LMB +1.6%
Companies trading higher in after hours in reaction to news: SEZL +9.7% (six-for-one stock split and $50 mln stock buyback plan), GOGO +3% (confirms PMA for Gogo Galileo HDX), KOD +3% (completes enrollment in trial of tarcocimab), GETY +1% (muti-year partnership with National Women's Soccer League), MLYS +0.7% ($250 mln stock offering), AMAL +0.6% ($40 mln repurchase plan), MRAM +0.5% (latest high-reliability MRAM expansion), KFY +0.3% (raises dividend), TER +0.3% (to acquire Quantifi Photonics), IOT +0.1% (strategic partnership with Hyundai Translead)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ASAN -26% (also announces CEO is transitioning to Chair when new CEO begins), RDW -17.6%, DAL -13.3%, MYPS -12%, AVO -8.1%
Companies trading lower in after hours in reaction to news: UAL -11.2% (lower in sympathy with DAL), AAL -8.9% (lower in sympathy with DAL), LUV -5.3% (lower in sympathy with DAL), ULCC -3.7% (lower in sympathy with DAL), PCOR -1.9% (CEO to transition to Executive Chairman; reiterates guidance), GVA -1.2% (JV team awarded $97 mln military project), JBLU -1% (lower in sympathy with DAL), RKLB -0.7% (schedules two Electron launches), T -0.4% (remains on track to reach 2025 goals), BKD -0.1% (February 2025 occupancy metrics)