After Hours Summary: VRNT -16.6%, AI -16.1%, CRDO -12.6%, CHPT -10.1%, AVAV -4.1%, CXM -3.7%, HPE -3.1% lower on earnings; MODG +2.7% to seek to split in two
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: YEXT +2.6%, PHR +2.4%
Companies trading higher in after hours in reaction to news: MODG +2.7% (to pursue separation into two independent companies: Callaway and TopGolf), BNED +2.3% (files $40 mln mixed shelf securities offering), LQDT +1.9% (selected to sell more than 30 drilling rigs), PSTX +1.8% (presents new case study for CAR-T Therapy), AMCR +1.1% (names new CEO), QGEN +0.8% (QGEN enters into collaboration with LLY to support development of QIAstat-Dx in-vitro diagnostic), NVDA +0.7% (co did not receive a DOJ subpoena, according to Reuters), ASML +0.5% (CEO says US export restrictions to China are economically motivated, according to Reuters), JNJ +0.1% (to secure more votes in favor of talc settlement plan after increasing offer, according to WSJ), RLGT +0.1% (acquires Foundation Logistics & Services), LLY +0.1% (QGEN enters into collaboration with LLY to support development of QIAstat-Dx in-vitro diagnostic), RTX +0.1% (awarded $405 mln U.S. Navy contract modification), VZ +0.1% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: VRNT -16.6%, AI -16.1%, CRDO -12.6%, CHPT -10.1% (also to reduce workforce by approximately 15%), BASE -8.6%, BBCP -7.7%, CPRT -5.4%, DSGX -5.1%, AVAV -4.1%, CXM -3.7%, HPE -3.1%, CASY -0.3%, T -0.1%
Companies trading lower in after hours in reaction to news: VVX -8.1% (2 mln share offering), XPO -6.7% (reports LTL data for August), CSWI -5.3% (commences 1 mln share offering; also files mixed shelf securities offering), ZETA -4.5% (commences 11 mln share offering with Zeta offering 8.8 mln shares and selling stockholder offering 2.2 mln shares; also raises its Q3 revenue guidance), ODFL -3.4% (reports LTL operating metrics for August), TRVI -1.1% (to present data from Ph2a CANAL Trial), HUYA -0.3% (names Raymond Peng Lei as Acting Co-CEO and CFO)