After Hours Summary: UPST +46.5%, WSM +12.5%, AOUT +10.2%, FIVE +6.1% up big on earnings; GEVO -5.8%, PD -4.8%, RIDE -3.3% fall on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: UPST +46.5% (also to acquire Prodigy Software), WSM +12.5% (also increases dividend, approves new $1 bln share repurchase auth), AOUT +10.2%, FIVE +6.1%, ONTF +3.5%, SMTC +3%, ZTO +0.8%
Companies trading higher in after hours in reaction to news: WPRT +11.1% (joint venture modifies terms for supply of HPDI systems), VCEL +10.6% (to be added to the S&P SmallCap 600), AMC +3.5% (to have 98% of its US locations open by March 19), RC +3.1% (ANH receives stockholder approval for merger with RC), ROCH +1.7% (closes combination with PureCycle; to begin trading under ticker "PCT" on March 18), PANW +1.3% (new CFO), PENN +0.8% (to launch Barstool Sportsbook app in VA in coming months), U +0.6% (new CFO), HY +0.6% (issues statement from Board of Directors), ESPR +0.3% (publishes results of Phase 2 study evaluating NEXLETOL), CUZ +0.1% (increases dividend), MRK +0.1% (files registration to spin off women's health, biosimilars, and established brands businesses), FTI +0.1% (enters into agreement with Magnora to develop floating offshore wind projects)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: GEVO -5.8%, PD -4.8%, RIDE -3.3% (also says timeline to start production remains on track for Sept 2021), MLHR -3%, STLD -0.1% (guides Q1 EPS slightly below consensus)
Companies trading lower in after hours in reaction to news: TBIO -15% (reports clinical trial results for MRT5005), CFRX -13.7% (stock offering), PHAS -11.1% (stock offering), SLDB -5.9% (stock offering), SGMO -1% (EMA releases details in support of Orphan Designation of BIVV003), DLR -0.6% (completes sale of 11 data centers to Ascendas Reit for $680 mln), ACMR -0.1% (expands furnace semiconductor equipment portfolio), ABT -0.1% (awarded $260 mln Defense Logistics Agency contract)