After Hours Summary: SPWH -21.1%, VRNT -13.6%, YEXT -13.5%, CHPT -10.8%, BB -8.3%, AI -6.6% lower on earnings or guidance; CVGW +10.8%, GME +5.8% higher on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CVGW +10.8%, GME +5.8% (also continues to evaluate portfolio of assets), AGX +5.2%, PATH +5.1% (also authorizes new $500 mln share repurchase program), BASE +0.1%, DSGX +0.1%
Companies trading higher in after hours in reaction to news: WRK +11.1% (nearing deal to merge with Smurfit Kappa, according to WSJ), CRVS +10.5% (confirms planned initiation of CPI-818 phase 3 trial), BKCC +4.8% (BKCC and TCPC to merge into subsidiary of TCPC), TCPC +3% (BKCC and TCPC to merge into subsidiary of TCPC), IP +2% (CEO to step down), TRIN +1.3% (names new CEO), BSX +1.2% (FDA approves WATCHMAN FLX pro left atrial appendage closure device), AAOI +1.2% (CEO bought 5964 shares), SMTC +0.4% (to delay 10-Q filing), ZIM +0.1% (announces new operational cooperation agreement with MSC)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SPWH -21.1%, VRNT -13.6%, YEXT -13.5%, CHPT -10.8%, PHR -9.9%, CURV -9.1%, BB -8.3% (guides AugQ revs below consensus), AI -6.6%, INTA -4.2%, CTLP -3.7%, AEO -1.9%, CXM -1.6%, PLAY -0.4% (also increases share buyback authorization by $100 mln)
Companies trading lower in after hours in reaction to news: LZ -9.4% (stock offering by selling shareholder), AMKR -8.3% (announces 10 mln share offering by Kim Family), CRGY -7.5% (to acquire incremental working interest in Western Eagle assets for $250 mln; also announces stock offering), BROS -5.7% (files mixed shelf securities offering; also files $300 mln stock offering), ROL -5.5% ($1.35 bln stock offering by selling shareholder), AEIS -4.5% (announces proposed offering of $500 mln convertible notes), NTRA -3.5% (files for $250 mln common stock offering), ALGN -2.5% (to acquire privately held direct 3d printing pioneer Cubicure for €79 mln; also introduces new vivera retainer), RDW -2.3% (files $400 mln mixed shelf securities offering), AMRX -1.9% (FDA approves Calcium Gluconate Injection), CNTY -1.5% (completes sale-leaseback of four properties), DD -1.3% (completes $3.25 bln accelerated share repurchase transaction; launches new $2 bln accelerated share repurchase transaction), VSH -1.2% (files for $600 mln convertible note offering), ALHC -0.7% (former CMO returns), ODFL -0.5% (reports LTL operating metrics for August), MAA -0.1% (CFO to retire; names new CFO), CBOE -0.1% (reports August monthly trading volume), TRNO -0.1% (enters into distribution agreements for $500 mln stock offering)