After Hours Summary: AAXN +16%, ETSY +15%, WTW +8%, BKNG +7%, RRC +6% higher, while FTR -19%, TSRO -11%, HTZ -6.5% are lower following earnings guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AAXN +16%, ETSY +15%, TIVO +12.2% (also announces plan to explore all alternatives to maximize shareholder value), RRD +8.2%, WTW +7.7%, BKNG +6.8%, ENPH +6.1%, RRC +5.6%, PEN +5.5% (light volume), FRAN +5.2%, OAS +4.5%, VEEV +4.3%, SBLK +3.7%, ESRX +3.1%, SUPN +3%, CWH +2.9%, ALB +2.2%, MTZ +2%, AKAO +1.9% (light volume), IMAX +1.9%, XOG +1.7%, NBR +1.2% (light volume)
Companies trading higher in after hours in reaction to news: PHH +22.7% / OCN +11% (PHH Corp to be acquired by Ocwen (OCN) in an all cash transaction valued at $360 million, or $11.00 per fully-diluted share), STB +21.1% (Student Transportation to be acquired by a group of investors led by CDPQ for US$7.50 per common share in cash), EXPE +2.7% (following BKNG results), VRX +1.5% (Valeant Pharma entered into exclusive license agreement with Kaken Pharmaceutical)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FTR -19.4% (also suspends the quarterly cash dividend on the common stock), TSRO -10.6%, MNKD -9.8%, MHLD -9.7% (light volume), BGS -9.6%, ACAD -8.1%, CYH -7.8%, BGFV -7.6%, ELF -7.3%, PZZA -6.8%, HTZ -6.5%, GTE -6.1% (light volume), ALRM -5.2%, EOG -4.6%, TDOC -4%, WDAY -3.2%, ROG -3.2%, SSW -3.1% (light volume), TNET -2.6% (light volume), SQ -2.3%, VTVT -2.3% (also files for $250 mln share Class A common stock shelf offering), DXCM -2.2% (light volume), DRYS -1.3%
Companies trading lower in after hours in reaction to news: CELG -6.6% (receives Refusal to File letter from the FDA regarding New Drug Application for ozanimod in development for the treatment of patients with relapsing forms of multiple sclerosis), DISCA -2.5% (still checking - DISCA / SNI set election deadline - expect to consummate the transactions contemplated by the Merger Agreement on March 6, 2018), DM -0.8% (files for $500 mln common units representing limited partner interests shelf offering), RNG -0.6% (announces offering of $350 mln in convertible notes due in 2023), GM -0.4% (announced 40 mln share secondary offering by the UAW Retiree Medical Benefits Trust; GM intends to repurchase a portion of the shares being offered), NTR -0.3% (files $3 bln mixed securities shelf offering)
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