After Hours Summary: PI +10.2%, VECO +9.4%, MTW +8.3% are higher, while HTZ -8.4%, ZG -7.2% are lower following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PI +10.2%,VECO +9.4%, MTW +8.3%, CRZO +6.4%, IAG +6.3%, FN +6.1%, MWA +6%, RWT +4.6%, LCI+2.6%, OHI +1.9%, AMC +1.7%
Companies trading higher in after hours in reaction to news: FRED +11.7% (Fred's to sell certain assets of EntrustRx, its specialty pharmacy unit, to a subsidiary of CVS Health (CVS); the aggregate consideration to be paid is $40.0 million, plus an amount equal to the value of inventory of EntrustRx), FOXA +5.1% (lifting on reports that Comcast is planning to make cash bid), C +1.7% (WSJ reporting ValueAct is building stake), SNAP+1.4% (CFO Andrew Vollero to depart), NSU +1% (Lundin Mining and Euro Sun disclose proposal to acquire Nevsun Resources for approximately C$1.5 billion -- this proposal has been rejected by Nevsun)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NVRO-16.4%, HTZ -8.4%, ZG -7.2%, BKD -2.5%, RMBS -2%, MOS -1.9%
Companies trading lower in after hours in reaction to news: CAPL -19.3% (reduces quarterly distribution), INWK -7% (postpones earnings; to restate prior financials), AXGN-2.9% (commences 2 mln common stock offering), WTW -2.5% (to offer for sale in underwritten secondary offering 6,500,000 shares of common stock by holder)