After Hours Summary: FDX +5.2% higher on earnings; KBH -2.6% lower on earnings; KDP -0.3% and DHI get new CEOs
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FDX +5.2% (also to repurchase additional $1.5 bln of stock during FY24)
Companies trading higher in after hours in reaction to news: IVA +11.2% (signs licensing agreement for lanifibranor in Japan and South Korea), AXTI +6% (receives govt approval to resume shipping gallium arsenide and germanium substrates to certain customers in China), GFS +3.3% (awarded $3.127 bln U.S. Defense Microelectronics Activity contract), IRON +2% (receives FDA fast track designation for MWTX-003), VCEL +1.5% (announces US commercial availability of NexoBrid), PMVP +1.4% (to present updated Phase 1 Data on PC14586), CTOS +1.4% (approves stock repurchase program of up to $25 mln), UPS +1% (in sympathy with FDX earnings), ENVX +0.6% (acquires Korea-based coating supplier), GPOR +0.2% (expands repurchase authorization to $650 mln)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: KBH -2.6%
Companies trading lower in after hours in reaction to news: TRNS -7.4% (stock offering), CENT -2% (CEO Tim Cofer to step down; reaffirms FY23 EPS guidance), NCNO -1.2% (selected by Bendigo and Adelaide Bank to simplify their business banking ops), RJF -0.9% (reports operating data for August), DYN -0.4% (receives FDA Orphan Drug Designation for DYNE-101), KDP -0.3% (names Tim Cofer as COO, will later become CEO)