After Hours Summary: Quiet after-hours; ORCL +3.4% on solid MayQ earnings; MEI -9.3% on weak guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ORCL +3.4%
Companies trading higher in after hours in reaction to news: CB +0.9% (new $5.0 bln repurchase program), RTX +0.4% (awarded U.S. Navy contract mod), TM +0.3% (to launch solid-state-battery EVs by 2027, according to Nikkei), TEVA +0.2% (settles Kentucky price-fixing claim), NFLX +0.2% (plans first live-streamed event, according to WSJ)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MEI -9.3% (guidance)
Companies trading lower in after hours in reaction to news: LSEA -7% (stock offering), LITE -5% ($500 mln convertible notes), IVZ -2.3% (prelim AUM), IRON -1.7% (public offering of $100 mln), CHGG -1.6% (reduces workforce), UVE -1.2% (new $20 mln repurchase program), IRWD -1.1% (FDA approval of new indication for LINZESS), RWT -0.1% (launches JV with Oaktree Capital Management)