After Hours Summary: RBRK -9.4%, MRVL -6.2%, ADSK -5.3%, ULTA -4.1%, S -3% lower on earnings; ESTC +16.7%, GAP +14.3%, AFRM +8.9% higher on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ESTC +16.7% (also authorizes new $500 mln share repurchase program), GAP +14.3% (also names new CEO of Old Navy), AFRM +8.9% (also Affirm, Shopify launch Shop Pay Installments in Australia), WDAY +1.5% (also authorizes new $4 bln share repurchase program)
Companies trading higher in after hours in reaction to news: OTLK +2.7% (CFO to step down, names new CFO), ESI +2.6% (ESI and SOLS mutually terminate merger agreement), NAT +1.8% (increases dividend), BNTX +0.4% (Pfizer, BioNTech win FDA approval for XFG-adapted COVID-19 vaccine), WELL +0.3% (Director bought 10,000 shares worth ~$2.4 mln), PSN +0.1% (wins two NNSA counter-nuclear smuggling task orders), EGP +0.1% (increases dividend), RTX +0.1% (awarded a not-to-exceed $240.8 mln modification to previously awarded US Navy contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RBRK -9.4%, MRVL -6.2%, IREN -5.5%, ADSK -5.3%, ULTA -4.1%, S -3%, PD -1.8% (also to cut about 15% of workforce)
Companies trading lower in after hours in reaction to news: KZIA -14.8% (new clinical data for paxalisib; also commences ADS offering), RIVN -2.1% (CFO to step down), EDRY -1.4% (files for $200 mln mixed securities shelf offering), GEV -0.6% (CFO to retire, names new CFO), AMAT -0.5% (appoints QCOM CFO and COO, Akash Palkhiwala, to its board), MRNA -0.4% (FDA approves 2026-2027 formulas of Spikevax and mNEXSPIKE), DBRG -0.4% (to acquire Australian smart metering platform PLUS ES), PPL -0.2% (Rhode Island approves motions in base distribution rate case), LRCX -0.1% (increases dividend), SHOP -0.1% (Affirm, Shopify launch Shop Pay Installments in Australia), BTGO -0.1% (acquires NYDIG institutional trading business)