After Hours Summary: TSLA +9.9%, TXN +6.5%, LRN +6.1%, CSGP +3.2%, V +2.7%, STLD +2.3%, STX +1.2% higher on earnings; MANH -7%, ENPH -6.1% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: TSLA +9.9%, TXN +6.5%, LRN +6.1%, WFRD +5.9%, TRMK +5.3% (also to sell Fisher Brown Bottrell Insurance to MMC for $345 mln in cash),
CSGP +3.2%, EWBC +2.9%, V +2.7%, STLD +2.3%, MTDR +2%, WFG +1.8%, MAT +1.5%, VLTO +1.4%, STX +1.2% (also to sell certain IP, equipment and other assets related to SoC Ops to AVGO for $600 mln in cash), WSBC +1.2%, WIRE +1.2%, RNST +1%, AGR +1%, ADC +0.8%, HA +0.6%, HIW +0.5%, APAM +0.2%
Companies trading higher in after hours in reaction to news: MCFT +5% (expands portfolio with launch of Balise Pontoon Boats), CNTA +1.4% ($100 mln ADS offering), MET +1.1% (increases dividend), NEXA +0.8% (reports Q1 exploration updates), AVGO +0.6% (to buy certain IP, equipment and other assets from STX related to SoC Ops for $600 mln in cash), OTIS +0.5% (increases dividend), MOD +0.3% (opens a second facility in Serbia), TTEC +0.2% (announce strategic alliance with Bright Software), EDR +0.1% (provides Q1 2024 construction progress)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: VICR -9.6%, MANH -7% (also replenishes buyback authorization to $75 mln), ENPH -6.1%, VBTX -3%, CB -0.6%, KREF -0.5%, EGP -0.1%, ENVA -0.1%, PEB -0.1%
Companies trading lower in after hours in reaction to news: TCMD -2.6% (CEO to retire, names new CEO; also guides Q1 revs above consensus), MMC -2.3% (to acquire Fisher Brown Bottrell Insurance from TRMK), SEDG -1.9% (in sympathy with ENPH earnings), KMPR -1.9% (reports Q1 update), BMRN -1.3% (provides litigation update), RUN -0.9% (in sympathy with ENPH earnings), SPR -0.7% (SPR details Boeing Memorandum of Agreement), TMUS -0.7% (completes multi-year 5G network investment totaling $163 mln across Arkansas), EARN -0.7% (adopts tax asset preservation plan), WBD -0.4% (NBA exclusive period to discuss new broadcast deal with WBD and ESPN ended without agreement, according to Bloomberg), FSLR -0.2% (in sympathy with ENPH earnings)