After Hours Summary: Quiet afternoon; SKIL +4.5%, COHU +4.4% higher on earnings/guidance; Senate votes to increase debt ceilingAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SKIL +4.5%, COHU +4.4% (updated mid-term financial target models), BOXD +0.1% (provides Q3 operating metrics)
Companies trading higher in after hours in reaction to news: DWAC +5.1% (enters into technology and cloud services agreement with Rumble), VIR +4.3% (preclinical data highlight the significant antigenic shift of the Omicron variant), LAUR +2% (raises existing share repurchase program to $600 mln), REE +1.9% (forms strategic agreement with Hitachi America to accelerate the adoption of EVs), EQC +1.8% (authorizes an additional $150 mln for share repurchases), ACB +0.9% (ACB and XXII announce IP license agreement with CRON), AVIR +0.4% (introduces updated program for AT-527 in COVID-19; to close out Phase 3 MORNINGSKY trial), PFE +0.3% (FDA approves XELJANZ for treatment of active ankylosing spondylitis), INCY +0.3% (FDA accepts for Priority Review of sNDA for ruxolitinib for treatment of vitiligo), MFA +0.3% (increases dividend), OPY +0.3% (declares special cash dividend of $1.00/sh), AA +0.1% (de-risks certain US pension plans through additional annuity contracts), KBR +0.1% (awarded eight prime contracts on GSA's ASTRO program), GCO +0.1% (signs three-year licensing agreement with ETONIC)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SGH -0.4% (reaffirms NovQ prior guidance)
Companies trading lower in after hours in reaction to news: LEGN -4.7% (announces public offering of $300 mln of ADSs), LESL -4.4% (announces offering of 12.5 mln shares by selling stockholders and concurrent share repurchase agreement), TTC -0.2% (increases dividend), CRON -0.1% (ACB and XXII announce IP license agreement with CRON), LYB -0.1% (files mixed securities shelf offering)