After Hours Summary: IRBT +10%, EW +8%, ARNC +5%, WYNN / TSS +4%, CMG / JNPR +3.3% all higher following earnings, DECK +5.6% exploring strategic alternatives... X -17% following earnings and dragging down steel namesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: IRBT +9.9%, ZIXI +8.4%, EW +7.8%, UVE +4.9%, ARNC +4.8%, KMT +4.2%, WYNN +4%, PRGO +4% (announces restatement of previously issued financial statements; reports Q1 results), TSS +4%, CMG +3.3%, JNPR +3.3%, TX +2.2% (ticking higher), O +1.3%
Companies trading higher in after hours in reaction to news: AKBA +29.3% (Akebia Therapeutics and Otsuka Pharma enter into a collaboration and license agreement; Akebia will receive $208 million or more in committed capital from Otsuka, including $73 million upon signing), ASYS +10.9% (receives follow-on order for the second phase of a multi-phase 1GW project), PETX +8.4% (ticking higher after confirming it recently met with FDA regarding the proposed manufacturing transfer of ENTYCE), AMRI +8.3% (on sale related speculation), NAVB +7.7% (higher on light volume after confirming it has been invited to present data at two 'major' upcoming conferences), DECK +5.6% (Board of Directors has initiated a process to review a broad range of strategic alternatives), DHT +4.9% and FRO +2.2% (Frontline previously disclosed that it has submitted several proposals to the management and Board of DHT Holdings to effectuate a business combination between Frontline and DHT), COST +3% (reports special cash dividend of $7.00 per share and increase in quarterly cash dividend), PBF +2.2% (to join S&P MidCap 400), ARI +1.6% (to join S&P SmallCap 600), LVS 1.6% and MGM 1.5% (WYNN sympathy)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: X -17.1%, OESX -7.8% (thinly traded; issued downside guidance), CREE -7.3% (also forms JV w/ San'an Optoelectronics to produce and deliver to market high-performing, mid-power lighting class LED packaged products in an exclusive arrangement to serve the expanding markets of North and South America, Europe and Japan, and serve China), MTSI -7%, CHRW -6.4%, NUVA -4.5%, ILMN -3.6%, COF -3.5%, DDR -3.2%, DFS -2.6%, JBT -1.5%, BXMT -1.3% (light volume), MRCY -1%, RNG -0.8%, T -0.7%, TXN -0.7%
Companies trading lower in after hours in reaction to news: FLXN -12.2% (commences $125 mln offering of convertible senior notes due 2024), NBIX -3.5% (to offer $450.0 mln aggregate principal amount of convertible senior notes due 2024; provides several updates in conjunction with the $450 mln convertible senior notes offering), MPW -3.1% (commences public offering of 37.75 mln shares of common stock), CLNT -2.7% (after 30%+ move higher today), CCI -0.4% (commences offering of 4,750,000 shares of its common stock in a registered public offering)
Steel stocks down in sympathy to poor response to US Steel's (X) earnings: MT -4.2%, STLD -3.7%, AKS -2.7%, NUE -2%, CMC -0.8%