After Hours Summary: DIS -2.3% lower on earnings; APP +23.2%, BMBL +10.7%, SONO +9.6%, ZIP +9.2%, RIVN +8.3% higher on earnings; BROS -33.3%, BYND -21.8% sharply lower on earnings; ABC -6.4% falls as WBA reduces stakeAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: APP +23.2%, CPNG +19.4%, SMRT +14.2%, COOK +11.2%, BMBL +10.7%, SONO +9.6%, ZIP +9.2%, RIVN +8.3%, COCO +5.2%, SWIR +4.8%, FLNC +4.4%, METC +3.5% (also plans to create tracking stock), ACVA +2.1%, DOX +2% (also selected by Virgin Media to provide seamless integration on streaming services; also to extend relationship with Bell Canada for an additional five years), STE +0.7%, ASND +0.7%, CPA +0.3%, PAAS +0.3%, FORG +0.1%
Companies trading higher in after hours in reaction to news: RIDE +43.1% (closes asset purchase agreement with Foxconn), ENVX +12.5% (initiates order of equipment for second factory; also reports earnings), GRPN +4.9% (large investor affirms increased active holding), WBA +0.8% (WBA reduces stake in ABC, sells 6 mln shares), LRCX +0.6% (authorizes new $5 bln share repurchase program), SEAS +0.5% (CFO to retire; also approves $250 mln share repurchase program), ESTC +0.3% (ESTC expands partnership with MSFT to accelerate adoption of search powered solutions in the cloud), DDD +0.2% (selected by Airbus to produce components for fully reconfigurable satellite), MN +0.1% (reports April AUM), CW +0.1% (increases dividend), MSFT +0.1% (ESTC expands partnership with MSFT to accelerate adoption of search powered solutions in the cloud), AMYT +0.1% (files for $150 mln ADS offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BROS -33.3%, BYND -21.8%, FOSL -12.6%, VCSA -9%, ATCO -3.9%, DIBS -3.5%, MQ -3.2%, DIS -2.3% (also to launch ad-supported Disney+ in US), IAS -0.9%, MFC -0.4%, VORB -0.2%
Companies trading lower in after hours in reaction to news: ABC -6.4% (WBA reduces stake in ABC, sells 6 mln shares), LYRA -3.1% (stock offering), ES -1.4% (announces $1.2 bln at-the market equity offering program), DIDI -1% (confirms suspension of overseas expansion), TWTR -0.6% (regulators looking at Elon Musk's late disclosure, according to WSJ), CAH -0.2% (awarded $2.25 bln Defense Logistics Agency contract modification), OMI -0.1% (awarded $1.125 bln Defense Logistics Agency contract modification)