After Hours Summary: TER +13.5%, BE +10.8%, MANH +10.6%, NOV +7%, STX +5.3%, F +5.1%, CAKE +3.7% higher on earnings;
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RCKY +17.6%, TER +13.5%, BE +10.8%, MANH +10.6%, NOV +7%, SB +5.6%, STX +5.3%, F +5.1%, MIR +4.6%, CAKE +3.7%, ENPH +2.8%, NEO +2.6%, SLDE +2.6%, EXE +1.7% (also increases share repurchase authorization by $1 bln), MDLZ +1.1% (also increases dividend), STAG +0.8%, EXR +0.5%, APAM +0.3%
Companies trading higher in after hours in reaction to news: VRRM +24.5% (reaches framework agreement with Avis Budget on new contract), FORM +3.7% (expands Keystone Microtech partnership), AVEX +2.2% (wins $88.1 mln in production orders), VSTM +1.4% (doses first patient in Phase 2 trial for VS-7375), WES +1.4% (unit offering by selling shareholders), MCK +1.2% (Trump admin plans to end subsidy program for Medicare drug plans, according to WSJ), SKYT +1.2% (IONQ gets final regulatory clearance for SKYT acquisition), SATL +0.8% (CFO to step down), HLLY +0.4% (sells several brands), COUR +0.3% (to invest $100 mln in AI learning startup LearnVector), T +0.1% (AT&T (T) closes $23 bln spectrum license acquisition from EchoStar)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OI -13.7%, CSGP -12.4%, CAR -11.3%, SWKS -10.5% (also new $2 bln repurchase program, suspends dividend program), ORN -8.1%, KLAC -7.5%, RBBN -6.2%, NXPI -4.8%, RNST -4.3%, LSTR -4.2% (also increases dividend), PPG -4.1%, QRVO -3%, WM -3%, EXLS -2.6%, ROG -2%, VRNS -0.9%, V -0.8%, WPC -0.5%, CZR -0.3%, OMC -0.3%, FCF -0.1% (also increases share repurchase authorization by $75 mln)
Companies trading lower in after hours in reaction to news: NPCE -13.2% (receives FDA guidance on PMA supplement), FEIM -9.7% (launches $100 mln stock offering), CNC -2.2% (Trump admin plans to end subsidy program for Medicare drug plans, according to WSJ), UNH -0.8% (Trump admin plans to end subsidy program for Medicare drug plans, according to WSJ), ECHO -0.3% (AT&T (T) closes $23 bln spectrum license acquisition from EchoStar), HUM -0.2% (Trump admin plans to end subsidy program for Medicare drug plans, according to WSJ), IONQ -0.1% (IONQ gets final regulatory clearance for SKYT acquisition)