After Hours Summary: CR +9%, RMBS +7%, ALSN +2.5% following earnings/guidance, SAEX +37% on tax credit certificate news, CWEI +8% on asset sale/COO news... SONC -11% and V -1% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CR +8.6%, RMBS +7.1%, LFUS +6.7%, CLGX +4.3% (also raises 2016 buyback target; expands full-year 2017 cost reduction program), CMRE +4%, BLKB +3.5% (reaffirms FY16 EPS, sales; raises OCF guidance; adopts stock compensation accounting standard early), PRK +2.7% (light volume), ALSN +2.5%, SWFT +2.2%, FRGI +1.5% (closes 10 Pollo Tropical Restaurants; will rebrand up to three restaurants as Taco Cabana Restaurants; Q3 comparable restaurant sales at Pollo Tropical decreased 1.0%, comparable restaurant sales at Taco Cabana decreased 4.1%), VASC +1.3%, WASH +1.1% (ticking higher), ZION +1.1%
Companies trading higher in after hours in reaction to news: SAEX +37% (received approx $24.4 mln of tax credit certificates from the state of Alaska's Department of Revenue; says received sooner than expected), GBT +13% (agrees w/ the FDA on the design of its pivotal trial for GBT440 in adults and adolescents with sickle cell disease; expected to begin screening patients by December; decides to discontinue its research and development activities related to GBT18713; Chief Medical Officer retires), WINT +10.2% (releases data from lung deposition study in non-human primates demonstrating uniform distribution of aerosolized KL4 surfactant in all regions of the lung), CWEI +8.1% (Clayton Williams announces agreement to sell Giddings area assets for $400 million; names Patrick Cooke as COO), IMMU +2.3% (light volume; engages Greenhill & Co to serve as a strategic advisor primarily to assist in its ongoing efforts to out-license sacituzumab govitecan), MTL +1.9% (following Monday's 35% move higher)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OPGN -11.9%, SONC -10.8%, WNC -6.4%, PRA -5% (ticking lower; sees Q3 EPS below estimates), NMFC -3.8% (guides Q3 in-line; commences 5 mln common stock offering), EFII -3.7%, BPL -3.7% (also announced plans to acquire 50% interest in VTTI B.V.'s global marine terminal business for $1.15 bln; commences public offering of 7.5 mln limited partnership units representing limited partner interests), GHL -3.4%, KN -2.8% (ticking lower), CDNS -0.9%, V -0.7%
Companies trading lower in after hours in reaction to news: PLG -10.4% (will raise $40 mln through bought deal financing of 22,230,000 common shares at $1.80/share), HHS -2.6% (ticking lower; Guess? will replace Harte-Hanks Inc. in the S&P SmallCap 600), SGY -2.5% (S&P downgraded Stone Energy to 'CC' on proposed Chapter 11 restructuring; Outlook Negative), CRZO -1% (Carrizo Oil & Gas to acquire Eagle Ford Shale properties from Sanchez Energy for $181 mln in cash and provides Q3 production guidance; commences underwritten public offering of 5 mln shares of its common stock), BANC -0.2% (slightly lower after seeing late spike when PL Capital Advisors discloses 6.7% active stake)