After Hours Summary: PI +11.3%, ETSY +8.1%, F +6.8%, NTGR +6.8% higher on earnings; solar stocks jump on Sen Mancin reaching energy deal; COUR -28%, TDOC -21.9%, COLM -9.2%, NOW -7.2%, META -4.4% QCOM -3% fall on earnings; BBY -2.7% falls on weak comp guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WFRD +26.2%, PI +11.3%, NOVA +10.6%, ETSY +8.1%, F +6.8% (also increases dividend), NTGR +6.8%, MYOV +6.7%, LC +6.5% (also CFO to retire, names new CFO), MUSA +5.7%, AEM +5.6%, URI +5.2%, PLXS +5%, NOV +4.5%, PPC +3.6%, GFL +3.2%, AGI +3.1%, EEFT +2.6%, LXU +2.2%, FTI +2% (also authorizes new $400 mln share repurchase program; also reaffirms intent to initiate dividend in 2H23), RE +2%, ULCC +1.6%, OIS +1.5%, CSL +1.3%, MXL +0.9%, AWK +0.7%, NLY +0.6%, GGG +0.5%, CHE +0.4%, HOLX +0.4%, NCR +0.4% (also continues to pursue strategic review process), AR +0.3%, FTAI +0.3%, INVH +0.3%, AVB +0.2%, FBHS +0.2%, JBT +0.2% (also to acquire Bevcorp), MAA +0.2%, MSA +0.2%, KRC +0.1%, MC +0.1%, PDM +0.1%
Companies trading higher in after hours in reaction to news: RUN +7.6% (solar stocks higher as Sen. Manchin reaches deal on energy bill), FSLR +7.5% (solar stocks higher as Sen. Manchin reaches deal on energy bill), SPWR +6.7% (solar stocks higher as Sen. Manchin reaches deal on energy bill), CSIQ +4.9% (solar stocks higher as Sen. Manchin reaches deal on energy bill), JKS +3.5% (solar stocks higher as Sen. Manchin reaches deal on energy bill), SEDG +3.4% (solar stocks higher as Sen. Manchin reaches deal on energy bill), ENPH +2.4% (solar stocks higher as Sen. Manchin reaches deal on energy bill), DQ +2.1% (solar stocks higher as Sen. Manchin reaches deal on energy bill), SAVE +2% (SAVE terminates merger with ULCC; will continue discussions with JBLU), SCHW +2% (increases dividend and and authorizes $15 bln stock repurchase), PSTL +1.8% (increases dividend), ULCC +1.6% (SAVE terminates merger with ULCC; will continue discussions with JBLU), NMM +0.5% (to acquire a 36-vessel drybulk fleet for $835 mln), VSTO +0.4% (acquires Simms Fishing Products for $192.5 mln), LAZ +0.3% (increases dividend), RKLB +0.2% (Coverglass will power three Lockheed Martin OPIR GEO satellites), NOC +0.2% (awarded $533 mln US Army contract for M782), ABBV +0.2% (Allergan unit reaches deal to pay over $2 bln in opioid settlement, according to Bloomberg), LFG +0.1% (enters into RNG purchase and sale agreement with UGI Utilities), HUBB +0.1% (files mixed securities shelf offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CYH -45.6%, COUR -28%, TDOC -21.9%, FORM -10.6%, NDLS -10.5%, COLM -9.2%, UPWK -8%, NOW -7.2%, MEOH -6.6%, PEGA -6.4%, SNBR -6.1%, EGHT -5.6%, META -4.4% (also names new CFO), CNMD -3.6%, ICLR -3.5%, ORLY -3.5%, QS -3.5%, CINF -3.2%, WFG -3.2%, CTSH -3%, QCOM -3%, BOOT -2.7%, BBY -2.7% (expects JulQ comps of -13%, lowers FY23 comp guidance to -11%), ALGN -2.5%, OMF -2.4%, TROX -2.1%, PTC -2%, EQT -1.9% (also increases dividend), KGC -1.9%, CG -1.5%, CAKE -1.3%, FLEX -1.3%, LRCX -1.2%, AM -1.1%, SIMO -1.1%, HP -1%, ACHC -0.6%, VICI -0.6%, GL -0.3%, MTH -0.3%, CLB -0.2%, STC -0.2%, ASGN -0.1% (also authorizes new $400 mln share repurchase program), CCS -0.1%, MOH -0.1%, OII -0.1%, RJF -0.1%
Companies trading lower in after hours in reaction to news: LXRX -20.5% (commences stock offering), FMS -8.8% (Fresenius SE & Co. KGaA sees worsening headwinds), DVA -5.2% (Fresenius SE & Co. KGaA sees worsening headwinds), REGN -4.7% (scientists uncover rare genetic loss-of-function mutations in the CIDEB gene), GWRS -2.8% (commences stock offering), JBLU -0.8% (SAVE terminates merger with ULCC; will continue discussions with JBLU), TPTX -0.4% (gets positive feedback from FDA at a pre-NDA meeting), AUY -0.4% (announces "positive" exploration results at both Odyssey and Wasamac)