After Hours Summary: RIVN +6.5% after reporting Q3 production and delivery data; BLKB +6.7% as Clearlake Capital discloses stake; AXTI -7.4% falls on lowered guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: None
Companies trading higher in after hours in reaction to news: BLKB +6.7% (Clearlake Capital discloses 18.4% stake; firm may push for review of strategic alternatives), RIVN +6.5% (reports Q3 production and delivery data; remains on track to deliver on its 25,000 annual production guidance), GSM +3.9% (to restart silicon metal facility in South Africa), LMT +1.8% (LMT and others awarded up to $5.1 bln in modifications to previous US Navy contract), KRUS +1.3% (names new CFO), KZR +1% (receives FDA clearance of IND for Zetomipzomib), AMRX +0.2% (announces commercial launch of ALYMSYS), OXY +0.1% (WES and OXY to explore carbon capture systems), THS +0.1% (completes sale of a significant portion of its Meal Prep business), MOS +0.1% (North American Phosphates was negatively impacted by Hurricane Ian)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AXTI -7.4% (lowers Q3 revenue guidance)
Companies trading lower in after hours in reaction to news: MRVI -7.2% (names Danaher exec as its new CEO), RCKT -5.3% (commences $100 mln common stock offering), OZK -1% (increases dividend), LILM -0.5% (stock offering), WES -0.2% (WES and OXY to explore carbon capture systems), FWRG -0.2% (provides update on Florida restaurants; all but 10 of 85 that closed have now reopened), OLN -0.1% (expects to cease methylene chloride and chloroform production at its Germany facility by 3Q23), CSV -0.1% (CFO to step down)