After Hours Summary: WMT -10% falls on lowered profit outlook, takes other retailers with it TGT -5.2%; FFIV +5.7%, WIRE +5.6%, TBI +4.9% higher on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: LBRT +8.9%, FFIV +5.7% (also increases share repurchase program by $1 bln), WIRE +5.6%, AIN +5.2%, TBI +4.9%, CALX +4.7%, CDNS +3.6%, CLS +2.9%, KREF +2.5%, CR +1.6%, SSD +1.3%, ARE +1.2%, NTB +1.2%, PCH +1.2%, WHR +1.2%, HSTM +0.4%, RRC +0.3%, SUI +0.3%, LOGI +0.2%, MEDP +0.2%, BRO +0.1%, NPTN +0.1%
Companies trading higher in after hours in reaction to news: SHLX +9.8% (Shell USA to acquire all units in SHLX held by public at $15.85/unit, total value $1.96 bln), IRTC +3.1% (names new CFO), HYLN +1.8% (Ruan orders 10 units of Hypertruck ERX), JNPR +1% (in sympathy with strong FFIV earnings), PEAR +0.7% (to restructure ops, announces planned workforce reductions)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AAN -22.5%, ALGT -18.5% (guides Q2 revs below consensus), WMT -10% (lowers profit outlook for Q2 and FY23), PETS -8.2%, HXL -6.4%, UHS -4.6%, BDN -3.2%, KALU -3.2%, AGNC -2.7%, NXPI -2.1%, CADE -0.3%, PKG -0.2%
Companies trading lower in after hours in reaction to news: LEGN -6.9% (stock offering), WAB -5.3% (discloses cyber security incident), TGT -5.2% (In sympathy with WMT lowering guidance), CONN -5% (In sympathy with WMT lowering guidance), DLTR -4% (In sympathy with WMT lowering guidance), M -4% (In sympathy with WMT lowering guidance), DG -3.7% (In sympathy with WMT lowering guidance), AMZN -3.6% (In sympathy with WMT lowering guidance), KSS -3.5% (In sympathy with WMT lowering guidance), ROST -3.5% (In sympathy with WMT lowering guidance), JWN -3.4% (In sympathy with WMT lowering guidance), TJX -3.1% (In sympathy with WMT lowering guidance), DKL -1.9% (increases dividend), NKTX -1.8% (announces key senior leadership appointments), VERV -1.3% (closes upsized 9.58 mln offering), BURL -0.8% (In sympathy with WMT lowering guidance), CSCO -0.1% (in sympathy with strong FFIV earnings)