After Hours Summary: TSEM +51.3% jumps on WSJ report that INTC nearing deal to acquire TSEM; AMKR +8.5%, ANET +8.2%, RLGT +6.2% up on earnings; OMCL -4.5%, BKD -4.1%, VNO -3%, AAP -1% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: TNET +9% (also stock repurchase program increased by $300 mln), CPSS +9%, AMKR +8.5%, ANET +8.2%, RLGT +6.2%, OTTR +4.6%, SCI +2%, POWW +1.3%, NTB +1.2% (also announces new 2 mln share repurchase program)
Companies trading higher in after hours in reaction to news: TSEM +51.3% (INTC near deal to acquire TSEM for roughly $6 bln, according to WSJ), IBRX +13.9% (announces positive data from bladder cancer trial), JOBY +6.9% (announces partnership with ANA HOLDINGS to bring air taxi service to Japan), MNST +3% (MNST in discussions with STZ re possible combination, according to Bloomberg), VMEO +2.5% (reports performance metrics for January), MRTN +1.7% (expands dry truckload operations into Mexico), AVEO +1.4% (to present positive data from Phase 3 TIVO-3 Study of FOTIVDA), AUR +0.4% (AUR and USX announce partnership for the deployment of autonomous trucks), NVAX +0.4% ( Singapore Health Sciences issues interim authorization for Nuvaxovid), SWAG +0.3% (announces combination agreement with Nogin), AZN +0.2% (LYNPARZA plus Abiraterone reduced risk of disease progression by 34%), HUM +0.1% (announces selection by Louisiana Health Dept to deliver coverage to Medicaid beneficiaries), RTX +0.1% (names new COO), JNJ +0.1% (announces initial results from Phase 3 MAGNITUDE study)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OMCL -4.5%, BKD -4.1%, VNO -3%, CLR -1.6% (also increases share buyback program by $500 mln), CAR -1.4%, AAP -1% (also increases dividend by 50% and authorizes $1 bln for share repurchases)
Companies trading lower in after hours in reaction to news: SBEV -16% (stock offering), SGH -4.3% (names new chair), ANGH -4% (stock offering), MS -1% (federal investigators are probing block trading on Wall Street, according to WSJ), FHTX -1% (files for $300 mln mixed securities shelf offering), MET -0.7% (aims to sell $1 bln of private-equity assets through secondary sale, according to WSJ), LLY -0.6% (awarded $1.08 bln Army contract for Bebtelovimab), GS -0.4% (federal investigators are probing block trading on Wall Street, according to WSJ), USX -0.3% (AUR and USX announce partnership for the deployment of autonomous trucks), HUN -0.2% (increases dividend)