After Hours Summary: ROST -22.5% falls on earnings, dragging peer BURL -8.2% with it ahead of its earnings next week; PANW +10.3% jumps on earnings, igniting other cybersecurity namesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DECK +12.4%, PANW +10.3%, FLO +0.7%, GLOB +0.2%
Companies trading higher in after hours in reaction to news: RDUS +18% (announces publication of EMERALD trial data), CDXC +10.8% (to launch commercial joint venture in mainland China), ZS +3.9% (in sympathy with strong PANW earnings), CRWD +3.8% (in sympathy with strong PANW earnings), OKTA +3.2% (in sympathy with strong PANW earnings), FTNT +2.5% (in sympathy with strong PANW earnings), MPLX +0.9% (ENLC, DVN and MPLX to move forward with construction of Matterhorn Express Pipeline), GD +0.8% (awarded $313.9 mln contract modification by US Navy), EQH +0.6% (increases dividend), DVN +0.4% (ENLC, DVN and MPLX to move forward with construction of Matterhorn Express Pipeline), DASH +0.4% (authorizes new $400 mln share repurchase program), CB +0.3% (increases dividend), ALLK +0.3% (files for $250 mln common stock offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ROST -22.5%, AMAT -2.2%, AINV -0.9%, VFC -0.3%
Companies trading lower in after hours in reaction to news: FHTX -28.4% (provides update on Phase 1 study of FHD-286; FDA initiates partial clinical hold), ATRA -13.8% (ATRA says Bayer (BAYRY) intends to end licensing agreement for next-gen mesothelin-directed CAR T-cell therapies), BURL -8.2% (in sympathy with weak ROST earnings), SLQT -3.2% (CFO to step down), LPLA -3% (reports activity highlights for April), TJX -2.8% (in sympathy with weak ROST earnings), ENLC -0.1% (ENLC, DVN and MPLX to move forward with construction of Matterhorn Express Pipeline)