After Hours Summary: AEO +23.2%, ASAN +5.8%, CRDO +3.9% higher on earnings; FIG -13.8%, AI -10.4%, GTLB -6.9%, CRM -5.1% lower on earnings; NEON -61.8% on proceeds from patent lawsuit settlement
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AEO +23.2%, ASAN +5.8%, CRDO +3.9%, BASE +0.6%
Companies trading higher in after hours in reaction to news: LFVN +7.1% (to acquire LoveBiome), NEXT +4.3% (LNG sale and purchase agreement between NEXT and EQT), COOP +2.5% (COOP shareholders approve merger with RKT), AVDL +2.1% (license agreement with XWPharma), NVAX +0.9% (issues statement on publicly available COVID-19 vaccine data), UPWK +0.6% (authorizes $100 mln increase in share repurchase program), GOOG +0.6% (Apple developing AI-powered web search tool, may use Google's Gemini for Siri AI, according to Bloomberg), MYGN +0.5% (announces publication of new meta-analysis of six studies), CRWV +0.3% (to acquire OpenPipe), AG +0.3% (exploration results at Los Gatos), RKT +0.2% (COOP shareholders approve merger with RKT), NDAQ +0.2% (reports August data), XPO +0.1% (reports August LTL metrics)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FIG -13.8%, AI -10.4% (also names new CEO), GTLB -6.9% (also CFO to step down), YQ -6.3%, CRM -5.1%, CHPT -4.7%, PD -3.8%, DSGX -0.3%
Companies trading lower in after hours in reaction to news: NEON -61.8% (to receive $15-20 mln proceeds from patent lawsuit settlement), CUBI -6.1% (files mixed securities shelf offering; launches $150 mln stock offering), SHC -5.4% (20 mln share offering), DOLE -5.1% (stock offering by selling shareholders), DLO -4.1% (stock offering), SNOW -2.6% (names new CFO), JBTM -2.4% ($500 mln convertible notes offering), CTRI -2.1% (SWX to sell its entire stake in CTRI, comprised of 27.4 mln shares), FLR -1.1% (US Army contract), PSNL -1% (new data from lung cancer trial), SLI -0.3% (SLI and EQNR JV announces study results), AAPL -0.3% (Apple developing AI-powered web search tool, may use Google's Gemini for Siri AI, according to Bloomberg)