After Hours Summary: SNAP lowers guidance, dragging down online ad names PINS, GOOG, ROKU, TTD, FB; ZM +6.7% trades higher on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ZM +6.7%, SKY +3.4%, ALB +3.2% (increases guidance to relflect lithium contract renegotiations)
Companies trading higher in after hours in reaction to news: ESEA +5.7% (reinstates dividend, first time since 2013; also approves $20 mln share repurchase auth, reports earnings), DOCU +0.3% (in sympathy with strong ZM earnings)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SNAP -28.4% (lowers guidance), AAP -1.7%, NVGS -0.3%, WKME -0.1% (also announces partnership with Celonis)
Companies trading lower in after hours in reaction to news: INMB -19.7% (FDA places IND application to initiate Phase 2 trial of XPro in patients with Alzheimer's on clinical hold; FDA reuquests more info on manufacturing process), PINS -11.5% (in sympathy with weak SNAP guidance), TTD -10.7% (in sympathy with weak SNAP guidance), MGNI -8.9% (in sympathy with weak SNAP guidance), FB -8.3% (in sympathy with weak SNAP guidance), ROKU -5.7% (in sympathy with weak SNAP guidance), TWTR -4.1% (in sympathy with weak SNAP guidance), PUBM -3.8% (in sympathy with weak SNAP guidance), GOOG -3.5% (in sympathy with weak SNAP guidance), ARKK -1.9% (in sympathy with strong ZM earnings), SMR -0.6% (signs MOU for first small modular reactor site in Romania), RTX -0.2% (awarded $420 mln Navy contract), FIX -0.1% (increases share buyback auth by 1 mln shares), BRBR -0.1% (authorizes new $50 mln share repurchase program), HEP -0.1% (files for $2 bln mixed securities shelf offering; also files for 59,630,030 common unit offering by selling shareholders), CSAN -0.1% (acquires PetroChoice Lubrication Solutions for $479 mln)