After Hours Summary: NTNX -27.9%, SNOW -14.8%, NVDA -6.6% fall on earnings; TWTR +5.4% higher as Musk increases commitment in takeover bid;After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MOD +14.2%, WSM +9.3%, SPLK +5.6%, GES +5.2%, ENS +3.1%, CHNG +2.4%, LU +1.9% (also also CFO to retire), ELF +1.5%, DXC +1.2%, SB +0.8%
Companies trading higher in after hours in reaction to news: TWTR +5.4% (Elon Musk increases commitment in takeover bid to $33.5 bln; also reaches settlement with DOJ and FTC, to pay $150 mln in civil penalties for alleged data privacy violations), RH +3.4% (in sympathy with WSM earnings), ENOB +2.7% (issues statement regarding arrest of co-founder), BBBY +2.2% (in sympathy with WSM earnings), W +1.9% (in sympathy with WSM earnings), FTI +0.6% (awarded significant contract by EQNR for Halten East development), LZB +0.4% (in sympathy with WSM earnings), ACAD +0.3% (stock offering), BREZ +0.3% (D-Orbit launches Infinite Blue aboard SpaceX's Transporter-5 mission), OEC +0.1% (to increase gas black production capacity), JXN +0.1% (announces new distribution relationship with The Pinnacle Group)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NTNX -27.9%, SNOW -14.8%, NVDA -6.6% (also increases and extends share repurchase program to $15 bln), VSAT -5.7%, ZUO -3.5%, BOX -1.7%
Companies trading lower in after hours in reaction to news: BBIG -14.9% (delays distribution date for Cryptyde spin-off), DDOG -5.8% (in sympathy with SNOW earnings), MIRM -4.7% (stock offering), ADC -2.6% (stock offering), MRVL -2.4% (in sympathy with NVDA earnings), AMD -2.2% (in sympathy with NVDA earnings), MU -1.3% (in sympathy with NVDA earnings), CLOV -1.2% (names new CFO), TSLA -0.9% (Elon Musk increases commitment in takeover bid of TWTR to $33.5 bln), MTH -0.7% (adds $200 mln to existing share repurchase program), INTC -0.5% (in sympathy with NVDA earnings), AVGO -0.5% (in sympathy with NVDA earnings), HPQ -0.4% (Berkshire Hathaway discloses 11.4% stake), MLNK -0.3% (CFO to step down), UVV -0.2% (increases dividend), LGTO -0.2% (announces merger agreement with Southland), CEQP -0.2% (ENLC to acquire North Texas gathering and processing assets from CEQP for $275 mln), PYPL -0.2% (announces investment in Jetty, a financial service platform for renters), UNVR -0.1% (expands distribution agreement with ANGUS Chemical), ENLC -0.1% (ENLC to acquire North Texas gathering and processing assets from CEQP for $275 mln)