After Hours Summary: MX +15%, CGNX / ALSN +8%, ILMN +7%, SPWR +6%, KLAC +4%, RRC +3% are higher, while TXRH -12%, AKS -8%, RMBS -5% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MX +14.7%, CHGG +8%, CGNX +7.9%, ALSN +7.6%, ILMN +6.9%, SPWR +6.2%, KLAC +4.4%, RRC +3%, IDTI +1.8%, RIG +1.3%
Companies trading higher in after hours in reaction to news: INCY +2.9%, ADM +2% (ahead of earnings), CBS +0.8% (Board confirmed before the close that it is in the process of selecting outside counsel to conduct an independent investigation; determined to postpone Aug 10 annual meeting of stockholders), AMD +0.6% (among names mentioned positively on MadMoney)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HLIT -17.5%, VRNS -15.4%, TXRH -11.7%, AKS -8%, ACHC -7.2% (light volume), INST -6.1%, EFII -6% (also CEO Guy Gecht informs Board of intention to step down upon identification of successor), RMBS -4.7%, AEIS -4.6% (also announces agreement to acquire LumaSense Technologies), CSLT -4.5%, CURO -2.5%, AMKR -2.1%, NTRI -2.1%, TNDM -1.4%
Companies trading lower in after hours in reaction to news: SSC -8.7% (says it raised $26 mln from various leading strategic investors), DFRG -7.7% (announces public offering of up to $75.0 mln of its common stock), CMG -3.8% (lower on reports of Powell, Ohio restaurant illness), X -1.5% (following AKS results and ahead of its own earnings release on Aug 1 after the close), COR -0.5% (announced the sale of 2.25 mln shares of common stock by funds affiliated with The Carlyle Group)