After Hours Summary: SPWH +14.1%, GME +13.4%, KBH +9.3% up on earnings; PRGS -8.2% and LULU -2.3% down on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SPWH +14.1%, GME +13.4%, KBH +9.3%, SMG +4.9% (guides MarQ revs above consensus; seeing good demand for edible gardening, professional growing and pest control), HTHT +3%, JEF +0.5%
Companies trading higher in after hours in reaction to news: SAVE +4.1% (provides COVID-19 update; also identified a material weakness in internal controls), HTZ +3.5% (provides COVID-19 business update), UAL +3.4% (details credit agreement), UAA +2.8% (provides COVID-19 financing update), JCAP +1.2% (provides liquidity and business updates; increases credit facility), RDFN +1.1% (Chairman sends letter to shareholders re liquidity and current inventory), UTX +1.1% (DOJ announces divestitures needed to allow merger with RTN), GM +1% (informs employees of salary cuts/deferrals -- CNBC; also, Reuters report that co will extend a shutdown of its North American plants), RTN +1% (DOJ announces divestitures needed to allow merger with UTX), HLT +0.1% (suspends share buybacks and dividend payments)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PRGS -8.2%, AFYA -4.3%, LULU -2.3%, IGMS -2.3%, SAIC -0.9%, OXM -0.7%
Companies trading lower in after hours in reaction to news: AI -19.9% (provides update; will not declare Q1 common dividend), BGCP -14.1% (provides operational update in light of COVID-19; reduces dividend), VMW -3.7% (withdraws guidance), GPS -1.5% (withdraws FY20 guidance, suspends dividend for remainder of FY20), EQT -1% (suspends dividend), DELL -0.4% (withdraws full year guidance), TEL -0.2% (notes potential material impact from COVID-19), HRB -0.1% (provides update on COVID-19 impact; comments on impact of tax filing deadline extensions)