After Hours Summary: KN +23%, TCS +20.6%, SANM +5.7% higher and CNI -4.9%, NBR -4.9% lower on earnings/guidance, PETX +17.4% on license dealAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AMID +26.8% (ticking higher; announced the acquisition of interests in Gulf of Mexico midstream infrastructure and incremental ownership in Delta House for ~$225 mln; revised 2016 guidance and reduced distribution), KN +23%, TCS +20.6%, SANM +5.7%, PXD +2.9%
Companies trading higher in after hours in reaction to news: PETX +17.4% (Aratana Therapeutics announces that Elanco Animal Health, a division of Eli Lilly, has licensed animal health rights to Aratana's Galliprant), BLDP +15.1% (Ballard Power Protonex subsidiary demonstrates UAV propulsion system with Boeing (BA) Insitu; flight demonstrations planned for the second half of 2016), SEED +12.3% (names Dr. William S. Niebur as President and CEO), REXX +4.5% (very light volume; provides update on balance sheet initiatives, closes 2 privately negotiated exchange transactions with certain holders of securities)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CNI -4.9%, NBR -4.9%, CDNS -3.7% (also CFO Geoff Ribar to retire effective March 31), ESRX -2% (also announced Paz will retire as CEO on May 4 and stay on as Chairman of the Company; Tim Wentworth will assume the role of CEO on May 4)
Companies trading lower in after hours in reaction to news: DRRX -8.5% (commences common stock offering)