After Hours Summary: STNE +21.3%, OKTA +16.5%, LULU +1.7%, RH +1.2% higher on earnings; JOAN -15.4%, ZUMZ -8.6%, CRWD -2.5% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: STNE +21.3%, OKTA +16.5%, NX +9.5%, PD +3.4%, PHR +2.7%, NAPA +2%, LULU +1.7%, RH +1.2% (also authorizes an additional $2 bln to stock repurchase program), ALK +1.2% (updates its Q2 outlook; raises Q2 revenue guidance)
Companies trading higher in after hours in reaction to news: LOCO +10.8% (names new CFO), CHGG +8.1% (increases securities repurchase program by $1 bln), CLPT +1.8% (receives certification for the Medical Device Single Audit Program), WOR +0.8% (acquires Level5 Tools for $55 mln), COST +0.2% (May adjusted comps grow +11.8%), PINS +0.2% (to acquire THE YES), COIN +0.1% (will extend its hiring pause for the foreseeable future and rescind a number of accepted offers)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: JOAN -15.4%, ZUMZ -8.6%, HCP -8%, ASAN -4.9%, COO -2.8%, CRWD -2.5%, IOT -1.7%
Companies trading lower in after hours in reaction to news: KSS -7.7% (auction delayed indefinitely as several suitors bowed out, according to NY Post), KREF -4.1% (stock offering), MMAT -1.6% (stock offering), NOC -1% (awarded Missile Defense Agency contract with ceiling value of $249 mln), GPN -0.5% (names new CFO), DM -0.5% (stock offering)