After Hours Summary: US cut by Fitch to "AA+" from "AAA"; CDLX +20.9%, ELF +16.9%, TEX +4.8%, AMD +3.8% higher on earnings; CMBM -23.9%, AXTA -13.6%, SEDG -11.8%, PAYC -8.5%, EA -3.4%, PINS -3.4% lower on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CDLX +20.9%, POWL +19.1%, ELF +16.9%, ROVR +16.3%, FRSH +12.1%, MTCH +11.2%, AZPN +10.7% (also terminates Micromine purchase; also authorizes new $300 mln share repurchase program), OLO +10.4%, OMCL +8.1%, VMEO +7.3%, MDXG +6.9%, MGY +5.4%, UIS +4.9%, TEX +4.8%, EHC +4.3%, AMD +3.8%, FLS +3.8%, INSP +3.8%, EXEL +3.7%, ENLC +3.3%, AFL +2.3%, ULCC +2%, VREX +2%, HPP +1.9%, AIZ +1.5%, ANDE +1.3%, PXD +1.2% (also declares base-plus-variable cash dividend of $1.84/sh), ADC +1.1%, TX +0.9%, CCCS +0.8%, FCPT +0.7%, LMAT +0.7%, BLKB +0.5%, KAI +0.4%, CHK +0.2%, QUAD +0.2%, AXS +0.1%, BXP +0.1%, HMN +0.1%, GPOR +0.1%
Companies trading higher in after hours in reaction to news: HMST +6% (exploring options, including a sale, according to Bloomberg), ERIE +4.7% (to join S&P MidCap 400), PAG +4.4% (to join S&P MidCap 400), GH +2% (GH and ILMN resolve pending litigation and enter into new agreement), NOG +1.6% (increases dividend), SMR +1.2% (US Nuclear Regulatory Commission accepts application for formal review), AGI +1.1% (reports new results from its ongoing exploration program), FTCH +0.8% (names new CFO), PRCT +0.2% (commences $125 mln stock offering; also files mixed shelf securities offering), NDAQ +0.2% (reports July volumes)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CMBM -23.9%, MLNK -18.4%, AXTA -13.6%, SEDG -11.8%, NVRO -10.1%, PEN -9.7%, PAYC -8.5% (also will expand its payroll solution into Canada), SHLS -8.5%, SKY -8.1%, CWH -7.6%, DEI -7.1%, LUMN -6.9%, BXC -6.6%, ALIT -6%, COLM -4.9%, BFAM -4.6%, EXAS -4.3%, CACC -4.1%, LFUS -4%, OI -4%, SILK -3.8%, JBT -3.5%, EA -3.4%, PINS -3.4%, DENN -3.3%, SFM -3.3% (also CFO to retire), SPCE -2.8%, KWR -2.3%, DVN -2%, WTI -1.9%, SCI -1.6%, MSTR -1.3%, ALL -1.2%, NUS -1.1% (also acquries BeautyBio), AIG -0.9%, MOS -0.8%, UNM -0.7%, VFC -0.7%, PRU -0.6%, CZR -0.5%, FE -0.5%, MATX -0.5%, SBUX -0.3%, SAFE -0.2%, VRTX -0.2%, PECO -0.1%, STE -0.1%
Companies trading lower in after hours in reaction to news: TMC -11.1% (provides update on expected development timeline), CLS -3.6% (announces proposed secondary offering of subordinate voting shares by ONEXF), ICFI -2.7% (awarded $14 mln DOJ contract), PTC -2.4% (announces 5.8 ml share offering by ROK), SNDR -2.3% (acquires M&M Transport Services), ILMN -1.7% (GH and ILMN resolve pending litigation and enter into new agreement), OPAL -1.4% (files mixed shelf securities offering), CVAC -1% (doses first participant in Phase 2 study of modified COVID-19 mRNA vaccine candidates), RPM -0.8% (files mixed shelf securities offering), SYM -0.5% (files mixed shelf; also stock offering by selling shareholders), GE -0.2% (GE's Aerospace division, TDG, and CVC Capital eyeing Avionics business being sold by LHX, according to Bloomberg)