After Hours Summary: WEN +19.9% jumps as Trian Fund to explore potential transactions; CAL +12.2%, JWN +11.2%, TOL +5%, A +3.4%, INTU +2.8% higher on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CAL +12.2%, JWN +11.2% (also authorizes new $500 mln share repurchase program), TOL +5% (also authorizes new $900 mln share repurchase program), A +3.4%, INTU +2.8%, VNET +1.9%, URBN +1.2%
Companies trading higher in after hours in reaction to news: WEN +19.9% (Trian Fund to explore and evaluate potential transactions), RICK +10.1% (increases share buyback authorization by $25 mln), DDS +5.4% (in sympathy with JWN earnings), M +3.6% (in sympathy with JWN earnings), RKLB +1.6% (Varda will procure a fourth Photon spacecraft), LYFT +0.7% (will slow hiring and reduce budgets for some departments, according to WSJ), QUOT +0.3% (names new CEO), OPY +0.2% (authorizes new 550 mln share repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OOMA -2.6%, ARCE -2.5%, RAMP -0.1% (also intends to repurchase $150 mln of shares by end of calendar 2022)
Companies trading lower in after hours in reaction to news: VRCA -37.9% (PDUFA date passes for VP-102), IDCC -8.7% (announces $350 mln convertible notes offering), KDNY -6.7% (stock offering; also files mixed securities shelf offering), INVZ -3.3% (stock offering), BV -0.2% (files for $500 mln mixed securities shelf offering; also files for 50,633,123 offering by selling shareholders), VVV -0.2% (purchases partner's interest in VCA Solutions JV), JNJ -0.1% (Janssen presents study results showing clinical efficacy for TREMFYA), ABT -0.1% (to release limited quantities of EleCare; plans to restart production at Sturgis facility on June 4)