After Hours Summary: SGH +7% higher on earnings; VERA -60.7% falls on trial dataAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NGL +9.6% (increases its FY23 adjusted EBITDA guidance; also names new CFO), SGH +7%
Companies trading higher in after hours in reaction to news: QIPT +8.1% (acquires Great Elm Healthcare), VIR +3.6% (Critical Phase 2 readouts anticipated in 2023), GERN +3.3% (to discuss top-line results from the IMerge Phase 3 clinical trial of imetelstat), GBX +1.7% (acquires GBX Leasing, its railcar leasing JV), CSWC +1.5% (releases overview of its capital markets activity for DecQ), TERN +1.4% (Suvretta Capital discloses 7.0% stake), ALG +1% (increases dividend), SWBI +0.9% (gun stocks on radar as criminal background checks rise to highest level in nine months), RGR +0.6% (gun stocks on radar as criminal background checks rise to highest level in nine months), PPL +0.3% (to provide update on progress being made as the new PPL), BHIL +0.2% (to sell the assets and equity related to its Fresh business), NEXA +0.2% (production at Atacocha mine temporarily suspended), TALO +0.1% (successfully discovers commercial quantities of oil & gas)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: VERA -60.7% (topline results of Phase 2b ORIGIN trial of Atacicept), PHAT -25.8% (FDA notifies co no action will be taken on its NDA for vonoprazan; co no longer expects product launches for H. pylori or erosive esophagitis in 1Q23), ADCT -10.6% (names new CMO), AXL -2.2% (names new CFO), KIM -0.9% (files mixed securities shelf offering), WTRG -0.8% (to sell its West Virginia natural gas utility assets), OZK -0.5% (increases dividend), RIVN -0.1% (reports Q4 production and deliveries)