After Hours Summary: RDDT +21.9%, SNAP +8.2%, CAKE +5.9%, GOOG +5.7%, EA +2% higher on earnings; QRVO -15.8%, AMD -7.9%, FSLR -5.8%, CMG -4.8% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NRDS +26.3% (also authorizes new $25 mln share repurchase program), RDDT +21.9%, ATRC +14.6%, UIS +9.8%, SNAP +8.2% (also authorizes new $500 mln share repurchase program), MCY +7.5%, PRO +7.4% (also CEO to retire), ENVX +7.1% (also signs development agreement with smartphone OEM for mass production in 2025), CAKE +5.9%, GOOG +5.7%, UDMY +5.4%, TRTX +5.1%, FMC +4.3%, NGD +4%, EXEL +3.3%, ALHC +2.5%, SYK +2.4%, EA +2%, STAG +1.8%, V +1.8% (also increases dividend), EXE +1.5%, ATGE +1.4%, CB +1.2%, WPC +1.2%, UNM +1.1%, IEX +0.7%, MDLZ +0.5%, ALSN +0.4%, LFUS +0.4%, FCF +0.1%, NGVT +0.1%, ZWS +0.1%
Companies trading higher in after hours in reaction to news: IMKTA +8.1% (announces post-hurricane improvements), DK +3.9% (Ion Asset Mgmt increases passive stake to 5.05%), LFVN +3.2% (reports trial performed on new MindBody GLP-1 System; also reports earnings), MX +3.1% (successful syndication of acquisition financing), FHN +0.8% (authorizes new $1 bln share repurchase program), USAC +0.2% (names new CFO), NXDT +0.2% (authorizes new $20 mln share repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: QRVO -15.8% (also taking actions, including factory consolidation and OpEx reductions), OI -15.4%, SAGE -15.1%, AMD -7.9%, TXG -7.9%, FSLR -5.8%, DVA -5.4%, MIR -5% (also awarded two significant contracts), CMG -4.8% (also authorizes new $900 mln share repurchase program), CZR -4.7% (also to sell the LINQ Promenade), VRNS -4.4%, WERN -3.4%, MOD -2.5%, BXC -2.5%, CHE -1%, EQT -0.6% (also announces divestiture), MTH -0.5%, PK -0.4%, ESS -0.1%, KAI -0.1%
Companies trading lower in after hours in reaction to news: THRY -9.6% (to acquire Infusion Software, also $75 mln stock offering; also guides Q3 revs in-line), CLW -4% (to be removed from S&P SmallCap 600), CTRE -2.8% (announces updated investments pipeline of $700 mln, including deal to acquire $500 mln portfolio in Southeast; also reports earnings), PRVA -2.6% (reports 2023 performance results in Medicare savings program), HMST -2.1% (FSUN and HMST asked to withdraw merger), CHWY -2% (Keith Gill liquidates stake), HRMY -1.9% (stock offering by selling shareholders), GRBK -1.2% (GRBK and MTH expand into Hutto), CBRL -1.1% (posts investor presentation), TV -1% (comments on unusual movements in share price; confirms it did not operate its repurchase program), BAC -0.6% (discloses CFPB inquiry update), GPRO -0.6% (updates restructuring plan; workforce reduction increased to 26% of employees from 15%), MTH -0.5% (GRBK and MTH expand into Hutto), MASI -0.2% (terminates employment of CEO Joe Kiani, reiterates guidance; continues to evaluate strategic alternatives for its consumer segment), PACS -0.1% (to acquire 12 skilled nursing facilities), NVRO -0.1% (presents new data), OII -0.1% (acquires Global Design)