After Hours Summary: PATH -30%, CRM -16.4%, A -13.2%, NTNX -9.9%, AEO -7.3% lower on earnings; PSTG +6.3%, AI +5.7%, OKTA +3%, HPQ +2.6% higher on earnings; SRPT +4.9% to join S&P MidCap 400
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RRGB +12.6%, AMSC +8.6%, PSTG +6.3%, AI +5.7%, SSYS +5.2%, OKTA +3%, HPQ +2.6%, ZBH +2.1% (also authorizes new $2 bln share repurchase program)
Companies trading higher in after hours in reaction to news: SRPT +4.9% (to join S&P MidCap 400), NWN +2% (authorizes new 5 mln share or $150 mln share repurchase program), PLTR +2% (awarded $480 mln U.S. Army contract), BBIO +1.8% (data shows Acoramidis increases serum transthyretin), TXG +0.9% (launches Xenium Prime 5K Pan-Tissue and Pathways panel), AZN +0.7% (FUSN shareholders approve acquisition by AZN), RKLB +0.7% (confirms scheduled launch date for NASA's PREFIRE mission), PLNT +0.3% (to complete refinancing transaction), RTX +0.3% (awarded $381 mln U.S. Navy contract modification), BA +0.2% (making progress on permanent solution to address issue with 737 MAX anti-ice system, according to Reuters), GBDC +0.1% (shareholders approve acquisition), FF +0.1% (CEO to retire), CMPR +0.1% (authorizes new $200 mln share repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PATH -30% (also CEO stepping down; Founder and former CEO Daniel Dines will be re-appointed CEO), CRM -16.4%, A -13.2% (also authorizes new $2 bln share repurchase program), NTNX -9.9%, AEO -7.3%, NOAH -6.5%, NCNO -6.4%, IMVT -4.8% (also provides clinical update), CPRI -2.6%, CNC -1.4%, CRDO -1.1%, UHAL -0.2%
Companies trading lower in after hours in reaction to news: BRKR -5% (6 mln share offering), DOMO -4.7% (wins deal with Lencore), SITC -2.3% (stock offering by selling shareholders), NVDA -0.9% (supply for H100 continues to improve; still constrained on H200), POST -0.8% (reports avian influenza incidents at two third-party facilities; affirms EBITDA guidance for FY24), LDOS -0.6% (awarded $738 mln U.S. Air Force contract), TPC -0.4% (JV wins contract), AVD -0.1% (COO to retire)