After Hours Summary: PI +6.9%, NOW +6.8%, KLAC +3.2%, CMG +2.9%, IBM +1.8% higher on earnings; EW -16.2%, MXL -15.9%, F -11%, RHI -9.8% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: VKTX +25% (also VK2735 to advance to Phase 3 for Obesity; End-of-Phase 2 meeting planned for 2H24), MOH +12.5%, PI +6.9%, NOW +6.8% (also to make a strategic investment in Prodapt; also COO to depart), PEGA +5.6%, RSG +4.2% (also increases dividend), GTY +4.1%, CLS +4%, UHS +3.7% (also authorizes new $1 bln share repurchase program), KLAC +3.2%, CHDN +3.1% (also reveals Grandstand Club and Pavilion renovation plan), CMG +2.9%, ICLR +2.8%, GSHD +2.3%, CSL +1.9%, GL +1.9%, IBM +1.8%, SLM +1.5%, MTH +1.3%, NEM +0.7%, CASH +0.4%, AMED +0.4%, CCS +0.1%, CLB +0.1%, PEB +0.1%, SJW +0.1%, SSB +0.1% (also increases dividend), NLY +0.1%
Companies trading higher in after hours in reaction to news: BLND +1.9% (new partnership with Palmetto Citizens), BAC +0.7% (increases dividend; also authorizes $25 bln stock repurchase program), RKLB +0.6% (sets launch date for 51st Electron mission), AMZN +0.5% (NBA signs new 11-year media agreements with DIS, CMCSA and AMZN through 2035-36 season), CMCSA +0.3% (NBA signs new 11-year media agreements with DIS, CMCSA and AMZN through 2035-36 season), PYPL +0.2% (names new independent Board Chair), BMRN +0.1% (FDA approves BRINEURA for children under 3 with CLN2 Disease), AIR +0.1% (signs multiple long-term distribution agreements with Ontic), DIS +0.1% (NBA signs new 11-year media agreements with DIS, CMCSA and AMZN through 2035-36 season)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: EW -16.2% (also expands structural heart portfolio with acquisitions of JenaValve and Endotronix for $1.2 bln), MXL -15.9%, F -11%, RHI -9.8%, TER -8.7%, KALU -8.1%, QS -6%, WM -4.7%, CYH -3.9%, ASGN -3.8%, OII -3.7%, ALGN -3.6% (also introduces iTero Design Suite), INVH -3.3%, ORLY -2.9%, LVS -2.7%, HP -2%, VMI -1.7%, RJF -1.4%, TYL -1.2%, WHR -0.9%, CHX -0.9%, EPRT -0.4%, WH -0.2%, KNX -0.1%, STC -0.1%, URI -0.1%, CVBF -0.1%, WFG -0.1%
Companies trading lower in after hours in reaction to news: MODG -3.2% (files mixed shelf securities offering), JOE -3% (increases dividend), WBD -2.7% (NBA signs new 11-year media agreements with DIS, CMCSA and AMZN through 2035-36 season), MMC -0.7% (files mixed shelf securities offering), HMC -0.2% (planning to cut China production capacity for ICE cars by 30%, according to Nikkei), PAG -0.1% (increases dividend), LAMR -0.1% (stock offering)