After Hours Summary: CUDA +8% following earnings/gudiance, GNVC +57% extending late surge higher... HGG -24%, WDFC -5.5%, HALO -5% among names trading lower following guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CUDA +7.7%, MDRX +2% (ticking higher; reaffirms Q4 guidance and provides initial outlook for 2017), TACO +1.7% (light volume; preannounces Q4 sales with comps +5.5%, just above estimates)
Companies trading higher in after hours in reaction to news: GNVC +56.7% (continued strength), ILMN +16.9% (confirms the introduction the NovaSeq Series and Illumina and Bio-Rad Laboratories launch of the Illumina Bio-Rad Single-Cell Sequencing Solution), SSI +5.7% (modestly rebounding), PTCT +3.2% (light volume; EC ratifies positive CHMP opinion for renewal of translarna marketing authorization for the treatment of nonsense mutation Duchenne Muscular Dystrophy), CNDT +2% (higher in after hours after Carl Icahn affirmed 9.77% active stake in the Xerox spin-off), KITE +0.6% (Kite Pharma enters into a strategic partnership with Daiichi Sankyo Co for axicabtagene ciloleucel) BIO +0.6% (light volume on Illumina news)
CUDA peers higher in after hours: FEYE +1.3%, CYBR +1.1%, FTNT +0.7%, PANW +0.6%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HGG -23.7% (HHGregg sees fiscal Q3 sales of ~$453 mln vs. $564.3 mln Capital IQ Consensus Est; co expects to incur a non-cash charge for asset impairment of $7-12 mln of certain locations in the quarter ended December 31, 2016), FRSH -7.1% (issues downside Q4 revenue guidance), WDFC -5.5%, BOOT -5.3% (Boot Barn Holdings reports light prelim Q3 results ahead of ICR conf), HALO -5.2% (guides 2017 revenue below expectations), VOXX -4.7%, CRAY -3.7% (anticipates 2016 revenue to be in previously provided range; believes it will be difficult to grow over 2016 in 2017), SCVL -2.3% (sees FY17 $1.36-1.38 vs $1.49 Capital IQ Consensus Estimate; sees revs $1.000-1.003 bln vs $1.00 bln Capital IQ Consensus Estimate), ABMD -2.2% (offers prelim Q3 rev results, reaffirms FY17 outlook ahead of presentation at the Annual J.P. Morgan Healthcare Conference), SHOO -2.1%, ZLTQ -2.1% (discloses commercial leadership transition, provides prelim Q4 results, FY17 guidance), ICLR -0.5% (issues financial guidance for FY17 EPS in-line, FY17 revs below consensus, reaffirms FY16 guidance),
Companies trading lower in after hours in reaction to news: WMB -8.2% (announce financial repositioning for long-term, sustainable growth; Both cos announced an agreement to permanently waive payment obligations, commenced an underwritten public offering of 65 million shares of Williams common stock), WPZ -6.4% (announce financial repositioning for long-term, sustainable growth; Both cos announced an agreement to permanently waive payment obligations), ATW -5.5% (commenced an underwritten public offering of 13,500,000 shares of common stock), CIO -3.3% (commences 4 mln common stock offering), DM -1.5% (Dominion Midstream files for offering of 25,383,348 common units representing limited partner interests by selling unitholders)