After Hours Summary: STX +7.6%, LEVI +6.2%, URI +4.5%, LVS +4.3%, TSLA +4.1% higher on earnings; TER -5.5%, NOW -3.6%, LRCX -3.1%, IBM -2% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: STX +7.6%, LEVI +6.2%, URI +4.5% (also initiates dividend; also plans to restart its share repurchase program), ETD +4.4%, LVS +4.3%, TSLA +4.1%, XM +2.9%, CALX +2.6%, AXS +2%, HXL +0.5% (also increases dividend), SLG +0.4%, STLD +0.4%, LBRT +0.3%, AMP +0.1%, CNS +0.1%
Companies trading higher in after hours in reaction to news: DV +8% (to join S&P SmallCap 600), CVX +2.5% (authorizes new $75 bln share repurchase program; also increases dividend), TGNA +2.2% (DoJ nearing buyout approval, according to NY Post), ET +1.3% (increases dividend), WU +1.1% (names new CFO), DELL +0.7% (has acquired cloud orchestration startup Cloudify, according to TechCrunch), LMT +0.6% (SAP and LMT expand strategic relationship), DWAC +0.5% (Facebook and Instagram to lift Trump suspension, according to NBC News), OFG +0.2% (increases dividend), BHLB +0.2% (names new CFO; also authorizes new $50 mln share repurchase program), META +0.2% (Facebook and Instagram to lift Trump suspension, according to NBC News)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: WOLF -7.3%, TER -5.5% (also authorizes new $2 bln share repurchase program), FLEX -3.9%, NOW -3.6%, LC -3.4%, LRCX -3.1% (also commences 7% workforce reduction), AZPN -2.2%, AXTA -2.1%, IBM -2% (also will cut about 3,900 jobs, according to Bloomberg), BOOT -1.9%, PLUG -1.1%, LCII -1%, CSX -0.8%, RLI -0.5%, SEIC -0.3%, CLS -0.2%, PKG -0.1%
Companies trading lower in after hours in reaction to news: FNA -10% (stock offering), SNX -7% (announces 4.5 mln share offering by selling stockholders and concurrent repurchase authorization of 900,000 of those shares), BX -0.9% (UC Investments will acquire an additional $500 mln in BREIT shares), NKLA -0.7% (introduces new hydrogen energy brand "HYLA"), CPB -0.6% (names new CFO), LUV -0.3% (Dept of Transportation is probing scheduling meltdown, according to WSJ)