After Hours Summary: SNOW +13.1%, FIVE +8.4%, ZUO +7.5% higher on earnings; ESTC -7.1%, VEEV -5.4% lower on earnings; SQ +1.2% to change its name to BlockAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SNOW +13.1%, FIVE +8.4%, ZUO +7.5%, NCNO +3.2%, CRWD +2.8% (also selected by CISA to support protection of critical endpoints and workloads), AI +2.6%, OKTA +2%, SPLK +1.6%, DSGX +0.8%
Companies trading higher in after hours in reaction to news: CLVT +2.8% (completes acquisition of ProQuest; also reaffirms FY21 guidance and provides combined outlook for FY22; also names new CFO), TRIT +1.6% (provides update on independent audit), FLGT +1.3% (confirms its RT-PCR tests detect Omicron variant), SQ +1.2% (to change its name to Block), CVX +0.4% (announces $15 bln capital and exploratory budget for 2022; also raises its share buyback guidance range to $3-5 bln/yr), NR +0.4% (acquires Lentzcaping for $14 mln in cash), SWIR +0.3% (names new chair of board), AAPL +0.3% (autos engineer Michael Schwekutsch leaving AAPL to join electric aviation startup Archer, according to CNBC), AMGN +0.2% (announces top-line results from Phase 3 DISCREET trial), PSB +0.1% (declares one-time special dividend of $4.60/sh), DIS +0.1% (names Susan Arnold as new board chair; replace Bob Iger when he departs at year-end), SJM +0.1% (sells its private label dry pet food business for $33 mln in cash; updates guidance)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ESTC -7.1%, VEEV -5.4%
Companies trading lower in after hours in reaction to news: KPLT -13.9% (provides inter update on quarter-to-date gross orginiations), WE -5.3% (discloses material weakness in internal control over financial reporting, to amend financial statements), VBIV -3.2% (to present new survival data from Phase 2a Study), AIRC -3.2% (files mixed securities shelf offering), DAN -0.9% (names new CFO), COST -0.9% (reports Nov adjusted comps of +9.2%), TARO -0.8% (names new CFO), RRD -0.2% (board decides that Chatham acqusition propsal is superior to Atlas deal), FIX -0.1% (to acquire Ivey Mechanical), WOR -0.1% (acquires Tempel Steel for $255 mln), UNVR -0.1% (acquries Sweetmix), WNC -0.1% (backlog grows to a record $2.3 bln during NovQ), WBX -0.1% (launches app for electric vehicle charger installers in seven countries)