After Hours Summary: AFOP +6.9%, EBAY +6.1%, CAKE +5.6%, MOBL -29.0%, TXN -6.5%, LVS -4.2%, FB -2.1% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: AFOP +6.9%, EBAY +6.1%, MKSI +6.1%, SLM +5.6%, CAKE +5.6%, SGMO +4.7%, FUEL +4.2%, ORLY +3.8%, SCSS +3.3%, CLGX +3.2%, SKX +2.6%, NEU +2.1%, CLB +1.8%, T +1.3%, EGBN +0.8%, CTXS +0.7%, ALGT +0.5%, EBS +0.5%, MPWR +0.5%, CVA +0.2%, PLCM +0.1%
Companies trading higher in after hours in reaction to news: ARRS +24.5% (to acquire Pace plc for $2.1 bln in stock and cash; expected to be accretive to non-GAAP EPS in first 12 months), TRCO +5.1% (priced secondary offering of ~9.24 mln shares of common stock at $56 per share), NCR +2.3% (WSJ reporting co is exploring strategic options including divestitures, buybacks, or dividend), CONN +1.4% (Point72 Asset Management disclosed 5.0% passive stake in 13G filing), ISIS +0.8% (reported positive data from its ISIS-TTR Rx study to treat patients with TTR Amyloidosis, demonstrating up to a 92% reduction in transthyretin proteins)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: MOBL -29.0%, TXN -6.5%, LVS -4.2%, OII -3.7%, XLNX -3.3%, TSCO -3.1%, FFIV -2.8%, QCOM -2.8%, WFT -2.8%, FB -2.1%, VMI -1.6%, MCRI -1.5%, KNX -0.9%, FISI -0.8%, USTR -0.5%, AMP -0.5%, CVBF -0.5%, EXPO -0.4%, EFX -0.3%, NFBK -0.3%, GGG -0.2%, TCBI -0.2%, FTK -0.2%
Companies trading lower in after hours in reaction to news: MOBL -29.0% (announced CFO has resigned to join another company; co also lowered Q1 non-GAAP revenue guidance), GWPH -6.2% (announced new physician reports of clinical effect and safety associated with the Epidiolex expanded access program: median 54% reduction in seizures after 12 weeks treatment and maintenance of clinical effect at 24 weeks), IDCC +1.9% (weakness attributed to unfavorable Delware court ruling), RY -0.6% (filed registration statement for $15 bln offering of covered bonds)