After Hours Summary: SNAP -26.6% sells off on earnings, takes online ad space with it; ISRG -12.9%, STX -10.2%, SAM -8.6% also down big on earnings; HNGR +24.3% jumps as it gets acquiredAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: OZK +5.1%, UFPI +4.1%, THC +3.9%, VICR +3.7%, FFBC +1.8%, SCHL +1.8%, AKA +1%, GBCI +0.1%
Companies trading higher in after hours in reaction to news: HNGR +24.3% (to be acquired by Patient Square Capital for $18.75/sh), NOVT +7.6% (to join S&P MidCap 400), SIX +4.1% (to move to S&P SmallCap 600 from S&P MidCap 400), VCEL +1.2% (announces publication of Epicel study), TXT +0.1% (awarded $354 mln U.S. Army contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SNAP -26.6% (also declines to provide guidance due to uncertain operating environment; also authorizes $500 mln stock repurchase program), ISRG -12.9% (also increases share buyback auth to $3.5 bln), STX -10.2%, CRSR -10.2%, SIVB -8.7%, SAM -8.6%, COF -5.4%, RHI -4.9%, BJRI -3.5%, MAT -2.8%, PPG -0.2%, ASB -0.1%, WAL -0.1%
Companies trading lower in after hours in reaction to news: TTD -6.9% (in sympathy with weak SNAP earnings), SBTX -6.6% (to merge with ARS Pharma), PINS -6.6% (in sympathy with weak SNAP earnings), WDC -6.2% (in sympathy with weak STX earnings), APPS -5.9% (in sympathy with weak SNAP earnings), META -4.9% (in sympathy with weak SNAP earnings), PUBM -4.8% (in sympathy with weak SNAP earnings), MGNI -4.4% (in sympathy with weak SNAP earnings), ROKU -3.4% (in sympathy with weak SNAP earnings), TNDM -3% (acquires infusion set developer Capillary Biomedical), MU -2.8% (in sympathy with weak STX earnings), GOOG -2.6% (in sympathy with weak SNAP earnings), TWTR -2% (in sympathy with weak SNAP earnings), WULF -1.9% (stock offering), FUBO -1.6% (FOXA expands streaming service FOX Nation across FUBO), SPCE -0.5% (Virtuoso adds SPCE to its global portfolio), SYF -0.1% (files mixed securities shelf offering)