After Hours Summary: HPQ +2% on Annual Meeting updates, EFX +1.2% refutes today's hacker related speculation, AAOI -21% following guidance and weighing on optical namesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: EXFO +14.8%, TSE +5.5% (raised Q3 and FY17 EPS guidance), HPQ +2% (issues FY18 guidance at today's Analyst Meeting; expects to return 50-75% of 2018 free cash flow through dividends and share repurchases)
Companies trading higher in after hours in reaction to news: TOPS +53% (Top Ships received written Nasdaq notification for minimum bid price; intends to monitor between now and April 9, 2018), ITEK +12.5% (higher after filing its preliminary proxy statement in connection with the previously announced proposed combination with Rocket Pharmaceuticals), ZN +6.5% (provides Israel drilling update; launching new $250 Unit Program under our Dividend Reinvestment and Direct Stock Purchase Plan), EFX +1.2% (company statement circulates in which it denies the most recent claims of security breach)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AAOI -20.6%, NANO -5.8%, EXAC -1.1% (thinly traded; estimates US revenue impact of the two hurricanes was approximately $1.2 mln to sales in Q3; lowers Q3 EPS guidance)
Companies trading lower in after hours in reaction to news: ATRS -40.2% (received FDA letter - identified deficiencies as part of their ongoing review of the New Drug Application for XYOSTED), TNDM -22% (commences offering of its common stock, Series A warrants and Series B warrants), HMNY -11% (continued weakness), ECYT -9.3% (pulls back after filing $150 mln mixed securities shelf offering in addition to offering of 5,278,000 shares of common stock and 722K shares of common stock underlying warrant by the selling stockholders), SGH -3.8% (attributed to block trade pricing), BTX -2.2% (commences common stock offering), SNCR -1.9% (lower on light volume after disclosing it has also identified an error concerning revenue recognition associated with 2014 transaction), PTEN -1.4% (files for 8,798,391 share common stock shelf offering by holders), DISH -1.3% (continued weakness), TWX -0.8% (continued weakness), ANAB -0.6% (prices 3 mln share common stock offering at $68.50/share), AXTI -0.5% (COO resigned), EARN -0.4% (files for $500 mln mixed securities shelf offering)
Optical names are lower across the board following Applied Optoelectronics (AAOI) guidance: NPTN -4.1%, FNSR -2.8%, ACIA -2.2%, OCLR -2%, LITE -1.6%