After Hours Summary: WHR -13% lower on earnings and possible dividend cut; PG +0.1% names a new CEO; CLS +10.6%, AMKR +8.2%, RMBS +5.1% higher on earnings; SRPT +43% jumps as FDA recommends co remove its pause
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CLS +10.6%, AMKR +8.2%, RNGR +6.9% (also to launch industry's first hybrid double electric workover rigs), CDNS +6.7%, SSD +5.9%, RMBS +5.1%, CR +4.3%, CINF +3.3%, CASH +2%, PFG +2%, VLTO +1.5%, HIG +1.2%, NTB +0.7% (also increases dividend, new 1.5 mln share repurchase authorization), WELL +0.7% (also provides business update; also increases dividend), BYON +0.4%, CNO +0.4%, WM +0.4%, OLN +0.2%, CURB +0.1%, KRC +0.1%
Companies trading higher in after hours in reaction to news: SRPT +43% (FDA informs co that it recommends co remove its pause and resume shipments of ELEVIDYS for ambulatory individuals), CDNS +6.7% (settlement agreement, to pay BIS and the DOJ $140.6 mln), PTCT +5.3% (FDA approves Sephience to treat PKU), LDI +3.2% (founder and chairman named permanent CEO), TATT +2.5% (signs $10 mln contract with Israeli defense integrator), GL +2% (DOJ will not be taking enforcement action), NTRS +0.7% (authorizes new $2.5 bln share repurchase program), EBAY +0.6% (Trump Organization suing sellers from AMZN, EBAY, WMT), ARES +0.5% (establishes JV with Savion Equity and SHEL for solar energy), STX +0.4% (CEO also named as Board Chair), LMT +0.3% (awarded a $2.06 bln modification to a previously awarded Missile Defense Agency contract), PSX +0.2% (files mixed securities shelf offering), PFE +0.2% (premiums for Medicare part D plans expected to increase, according to WSJ), JNJ +0.2% (premiums for Medicare part D plans expected to increase, according to WSJ), DX +0.2% (files mixed securities shelf offering), CRCL +0.1% (FIS and CRCL announce new partnership), BMY +0.1% (announces creation of new biopharma co with Bain Capital), SHEL +0.1% (establishes JV with Savion Equity and ARES for solar energy), PG +0.1% (Shailesh Jejurikar to become CEO on Jan 1; current CEO Jon Moeller will become Exec Chairman), AMZN +0.1% (Trump Organization suing sellers from AMZN, EBAY, WMT), MRK +0.1% (premiums for Medicare part D plans expected to increase, according to WSJ)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BKKT -30.1% (also to sell Loyalty business; also stock offering), WHR -13% (also board recommends reduction in quarterly dividend), EXEL -12.5%, HLIT -10.6%, XPER -9.6%, MTSR -8.7%, KFRC -8.3%, NOV -6.3%, NUE -5.5%, GBFH -5.4%, SANM -4.6%, BRO -3%, UCTT -2.9%, WU -2.2%, WWD -1.7%, UFPI -1.2% (also authorizes new $350 mln share repurchase program), DYN -1.1%, UHS -0.6%, TFII -0.2%, PDM -0.1%
Companies trading lower in after hours in reaction to news: VRSN -6% (4.3 mln share offering by selling shareholders), CELC -2.4% (concurrent offerings of $150 mln of convertible notes and $75 mln of common stock), WFRD -1.3% (awarded significant contract for Trion project), UFPI -1.2% (to close Bonner, Montana manufacturing facilities), OXY -0.7% (files mixed securities shelf offering), HESM -0.6% (increases dividend), FLR -0.5% (receives final notice to proceed from Barrick on its Reko Diq Project), FIS -0.4% (FIS and CRCL announce new partnership), ALVO -0.3% (files mixed securities shelf offering), MSM -0.1% (CFO to step down, provides guidance)