After Hours Summary: SAM -7.9% falls on lowered guidance; SAP +3% and PRO +1.3% higher on upside guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SAP +3% (guides Q4 earnings and revs above consensus; also authorizes new €1 bln share repurchase program), PRO +1.3% (guides Q4 EPS and revs above consensus)
Companies trading higher in after hours in reaction to news: RRD +2.2% (believes systems intrusion incident has been contained), BHC +2.1% (Bausch + Lomb unit files IPO registration), EGO +1.5% (announces Q4 preliminary gold production), WGO +0.7% (to reveal an all-electric concept motorhome), ZEN +0.6% (ZEN issues letter re proposed acquisition of MNTV), OSUR +0.4% (its InteliSwab tests detect Omicron as effectively as previous variants), ASPN +0.3% (CFO to retire), ALB +0.3% (signs joint development agreement with 6K to develop lithium battery materials), PINC +0.3% (Contigo Health unit announces new partnership with OhioHealthy Plans), FB +0.1% (House Select Committee subpoenas social media cos)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SAM -7.9% (lowers EPS guidance for 2021; shipment growth and gross margins will be below guidance)
Companies trading lower in after hours in reaction to news: PWP -6.4% (stock offering), CSTL -5.3% (data confirms DecisionDx-SCC as a significant and independent risk-stratification tool), SRC -4.5% (announces 6.5 mln share offering), FTI -0.4% (awarded integrated EPCI contract by EQNR), TWTR -0.1% (House Select Committee subpoenas social media cos), MA -0.1% (CEO says co has seen "relatively positive" spending trends thus far in 2022, according to CNBC)