After Hours Summary: Trump has no intention to fire Powell, according to multiple news reports; PEGA +23.6%, SAP +8.9%, MANH +8.2%, TSLA +3.7% higher on earnings; ENPH -11.4%, PKG -6.1% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PEGA +23.6%, SAP +8.9%, MANH +8.2% (also replenishes buyback authorization to $100 mln), CASH +5.4%, TSLA +3.7%, STLD +3%, VBTX +3% (also increases dividend), RRC +1.5%, COF +1% (also reports March card metrics), CB +0.5%, HAFC +0.4%, EQT +0.3% (also to acquire upstream and midstream assets of Olympus Energy for $1.8 bln), NBHC +0.1%, ASR +0.1%
Companies trading higher in after hours in reaction to news: GOGL +2.6% (CMBT and GOGL to merge), MET +1.2% (increases dividend), TOI +1.1% (expands partnership with Helios), GRAL +0.9% (to present new data on Galleri), SOC +0.6% (files $1.5 bln mixed shelf securities offering), NEOG +0.6% (releases presentation materials primarily related to its Petrifilm product line), HL +0.4% (its Libby Exploration Project in Montana was included in Trump's March 18 announcement of advancing critical mineral projects), OTIS +0.1% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ENPH -11.4%, PKG -6.1%, WFRD -3.5% (also names new CFO), ISRG -1.8%, BKR -1.2%, ADC -0.5%, PFSI -0.2%
Companies trading lower in after hours in reaction to news: OKLO -10.2% (Sam Altman to step down as Chairman), BMY -5.6% (topline results from Phase 3 ARISE Trial), SRAD -4.8% (announces launch of 23 mln share offering by selling shareholders and concurrent share repurchase; also guides Q1 revs above consensus), CMBT -2.8% (CMBT and GOGL to merge), PROP -1.8% (files $500 mln mixed shelf securities offering), MRNA -0.3% (Trump administration might cancel COVID-19 vaccine recommendation for kids, according to Politico), WNC -0.2% (strategic partnership with UP.Labs)