After Hours Summary: ZM -3.6% lower despite huge beat; MCHP +7.4%, CRWD +6.3% up nicely on earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: APPS +9.3%, MCHP +7.4%, CRWD +6.3%, AMSC +3.2%, MTOR +0.1% (reaffirms revs; also announces restructuring plan and job cuts)
Companies trading higher in after hours in reaction to news: CAKE +6.1% (provides COVID update, approx 25% of restaurants have reopened dining rooms), LYFT +3.7% (provides update for May business trends and Q2 adj. EBITDA outlook), VSLR +1.3% (closes transactions for $545 mln of new financing)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HQY -8.9%, ACCO -4%, AMBA -3.7%, ZM -3.6%, EVRI -2.4%, MDLA -1.6%
Companies trading lower in after hours in reaction to news: EVFM -10.3% (stock offering; size not disclosed), RGA -8.9% (commences $500 mln stock offering), ARCE -4.4% (commences offering of 5,563,203 Class A shares to be offered by General Atlantic Arco), HLNE -3.5% (commences public offering of 2,995,757 Class A shares), GMAB -1% (announces that the FDA has extended the review period for the sBLA), ALK -0.2% (says demand is significantly below normal levels)