After Hours Summary: SNAP +20.1% and CMG +6.5% up big on earnings; IBKR -5.2% weak on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SNAP +20.1%, TER +10%, USNA +9.1%, CMG +6.5%, TXN +2.2%, MANH +1.9%, EXAS +1.8% (sees Q1 revs above consensus), UCBI +1%, NFLX +0.5%, FULT +0.2%
Companies trading higher in after hours in reaction to news: IMUX +56.5% (its lead asset, IMU-838, has successfully demonstrated preclinical activity against COVID-19), DKL +22.5% (this high yield stock reiterates expectation to raise distribution by 5% in 2020; also increases distribution slightly today), EXPE +10% (WSJ report that co is in advanced talks to sell a stake to private-equity firms), MYOV +7.6% (to discuss results from Ph 3 SPIRIT 2 study), GME +6.9% (provides COVID update, reports comps), ANH +6.6% (reduces quarterly dividend), QTNT +4.3% (reports positive performance data for its SARS-CoV-2 antibody test), FCAU +3.6% (announces drawdown of €6.25 bln revolving credit facility), DCP +3% (reduces quarterly distribution), USFD +2.6% (awarded $480 mln Defense Logistics Agency contract), IGT +2.3% (expands partnership with Virginia lottery), BG +1.8% (to sell 35 U.S. grain elevators), BRT +1% (provides business update), BA +0.9% (announces organization changes), GILD +0.6% (announces immunotherapy research collaboration)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: IBKR -5.2%, NAVI -1.2%, HCSG -0.6%, CB -0.1%, ENS -0.1% (sees Q4 revs above consensus, withdraws guidance)
Companies trading lower in after hours in reaction to news: VBIV -28.2% (stock offering), IBKR -5.2% (issues statement regarding crude oil contracts and margin loss), AAWW -2.5% (files mixed securities shelf offering), CSPR -2.4% (CFO to depart; expects to wind down European ops by end of 2020, proivides guidance), UAL -1.6% (announces 39.25 mln share offering), LC -0.9% (approves restructuring, to reduce workforce by 460)