After Hours Summary: TSLA +0.7% flat on earnings; AA +6.7%, CSX +3.9%, LVS +2.3% higher on earnings; SMCI +24% jumps on bullish guidance; UAL -7.1% falls on earnings; CCL -9.5% falls on $1 bln stock offeringAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SMCI +24%, AA +6.7% (also authorizes new $500 mln share repurchase program), RLI +4.9%, CSX +3.9%, VMI +2.9%, LVS +2.3%, MCRI +2%, KMI +1.3%, STLD +1.2%, CVBF +1.1%, TSLA +0.7%, SLG +0.1%
Companies trading higher in after hours in reaction to news: SAP +3.7% (PDFS to collaborate with SAP), ABUS +3.1% (to discontinue development of hep-B core inhibitor vebicorvir), OSK +0.4% (US Postal Service plans to increase its EV order from OSK, according to Reuters), EQT +0.2% (increases dividend), SWK +0.1% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: XM -7.8%, UAL -7.1%, DFS -3.5%, UMPQ -3.5%, LSTR -3.3% (also increases dividend), KNX -1.4%, CCK -1.3%, SEIC -1%, EFX -0.3%, FNB -0.1%, FR -0.1%
Companies trading lower in after hours in reaction to news: VERV -13.2% (commences $200 mln stock offering; also announces research collaboration with VRTX, which will buy a $35 mln stake in VERV), CCL -9.5% (commences $1 bln stock offering), ASMB -5.5% (discontinuing further development of core inhibitor, vebicorvir; also chief medical officer and CFO to step down), ALL -4.9% (reports catastrophe losses for Q2), COIN -3% (on news that TSLA converted 75% of its Bitcoin purchases into fiat currency), BITO -0.5% (on news that TSLA converted 75% of its Bitcoin purchases into fiat currency), VRTX -0.5% (VRTX announces research collaboration with VERV, will invest in a $35 mln stake in VERV), BAC -0.3% (increases dividend), F -0.3% (to provide EV plan update on Thursday), OLN -0.1% (COO to retire), MO -0.1% (Juul Labs saw revenue drop amid US govt crackdowns on teenage vaping, according to Bloomberg)
