After Hours Summary: KN +10.2%, GIG +7.2%, MSTR +6.6%, AMDA -40.6%, AMKR -12.6%, BIDU -7.0% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: KN +10.2%, GIG +7.2%, MSTR +6.6%, MPWR +2.1%, EMN +1.7%, MSL +0.5%, VLRS +0.4%, HIG +0.2%, SWFT +0.2%, ARE +0.1%, AVB +0.1%, TMK +0.1%
Companies trading higher in after hours in reaction to news: SAEX +17.3% (awarded a contract for ocean-bottom marine seismic data acquisition services, valued at ~$47 million), MSTR+6.6% (announced the appointment of Phong Le as CFO effective on or about August 24, 2015; co also reported earnings), ASTI +3.4% (disclosed the mutual termination of its May agreement regarding the purchase and sale contract of its Thornton, Colorado headquarters building), ACI +1.4% (announced that for administrative purposes it is postponing the previously announced one-for-ten reverse stock split of common stock), HZNP +1.2% (announced a collaboration with Fox Chase Cancer Center to study ACTIMMUNE in combination with PD-1/PD-L1 inhibitors in various forms of cancer including advanced urothelial carcinoma and renal cell carcinoma), SPWR +1.2% (announced that it has acquired 1.5 gigawatts of U.S. solar power plant development assets from Australia-based Infigen Energy)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: AMDA -40.6%, AMKR -12.6%, CKEC -11.7%, BIDU -7.0%, TCPC -2.3%, CR -1.7%, PRAH -1.4%, TACO -1.4%, ALSN -1.3%, AGNC -0.8%, CDNS -0.1%, PCL -0.1%, MNK -0.1%
Companies trading lower in after hours in reaction to news: AMDA -40.6% (announced the FDA has requested co provide 24-month clinical performance data for pending 510(k) submission for the Valeo C Interbody with CsC Osteo-Conductive Scaffolding; co also provided in-line Q2 rev guidance), CARA -6.7% (commenced an underwritten public offering of shares of its common stock of up to $65 mln), EGLT -5.4% (to offer and sell shares of its common stock in an underwritten public offering; size not disclosed), ADPT -1.5% (announced an offering of 2.75 mln shares of common stock; ~1.91 mln shares to be sold by co, ~844K shares to be sold by Sterling Partners shareholder group)