After Hours Summary: KBH +6.4%, AIR +3.7%, NKE -3.9%, CTAS -3.5% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: KBH +6.4%, AIR +3.7%
Companies trading higher in after hours in reaction to news: EGY +12% (granted 10 year extension of Exclusive Exploitation Authorizations in the Etame Marin Permit), VSTM +9.5% (Verastem and CSPC Pharmaceutical Group enter into exclusive licensing agreement for the development and commercialization of COPIKTRA in China), ALDX +7.1% (extended higher after confirming it will host call tomorrow Sept 26 at 8am ET to provide the results from its dry eye disease Phase 2b clinical trial), VNDA +4.4% (ticking higher; to join S&P SmallCap 600), AUPH +2.5% (higher after completing enrollment for AURORA Phase 3 trial ahead of schedule), NLSN +2.3% (attributed to reports of PE interest), IGT +2% (Intl Game Tech and William Hill US (WIMHY unit) entered into multi-year agreement to offer US lotteries a full service solution for sports betting)l PTLA +1.1% (ticking higher; FDA has granted Orphan Drug Designation to cerdulatinib)
A few homebuilders are higher on the heels of KB Homes (KBH) earnings guidance: PHM +1.4%, TOL +1%, etf - ITB +0.2%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NKE -3.9%, CTAS -3.5%
Companies trading lower in after hours in reaction to news: UPL -21.3% (was unable to reach agreement on the terms of senior secured first lien term loan; lender talks have ceased), NITE -4.4% (commences underwritten public offering of 4.0 mln ADSs), CONE -3.4% (commences offering of 8.0 mln shares of common stock offered by CyrusOne and forward purchaser), ROL -0.5% (Rollins to replace Andeavor [ANDV] in the S&P 500)
Nike (NKE) earnings related weakness is weighing on athletic related retailers: FL -2.4%, UAA -1.2%, LULU -0.6%![]()