After Hours Summary: TGNA +16% gets offer to be acquired; MDB -8.7% down on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: GVA +3.5%, BILI +1.6%, FDX +0.6%, SMAR +0.2%
Companies trading higher in after hours in reaction to news: TGNA +16% (gets offer to be acquired and go private for $20/sh in cash), ABR +10.4% (approves $100 mln repurchase program), VKTX +8.9% (authorizes $50 mln stock repurchase program), CNK +5% (to temporarily close its 345 U.S. theatres), SDC +4% (comments on AADB Telehealth Directive), AGN +2% (co and ABBV sign consent decree with FTC regarding pending acquisition), QGEN +0.1% (to dramatically ramp up production capacity for coronavirus kits)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MDB -8.7%, WH -0.3%
Companies trading lower in after hours in reaction to news: CRON -14.3% (to restate certain 2019 unaudited interim financial statements), BVN -8.4% (to limit activities amid Peruvian National Emergency), SAFE -6.6% (announces offering of 900,000 shares), FORM -3.7% (withdraws Q1 guidance), BA -3.2% (says it has fully drawn on $13.8 bln credit agreement; also CNBC reports sources saying that BA is seeking tens of billions of dollars in aid; also co enters into 2-yr delayed draw term loan credit agreement), VECO -2.5% (withdraws guidance for Q1 due to coronavirus), TGT -1.1% (to reduce store hours), ABBV -0.6% (co and AGN sign consent decree with FTC regarding pending acquisition), KEY -0.5% (to temporarily suspend share repurchases)
