After Hours Summary: SANM +10%, WERN +8%, DHT +3% higher following earnings, Shippers extending higher... IDTI and RMBS both 4% lower following earnings/guidance, TEVA -11% after unfavorable patent rulingAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SANM +9.7%, WERN +7.6%, AEIS +6.5%, DHT +3%, PKG +2.4%, GGG +0.8%
Companies trading higher in after hours in reaction to news: , GTE +6.6% (to make a normal course issuer bid to purchase for cancellation up to ~5% of its issued and outstanding shares of common stock), MNTA +6% (Capaxone patent ruling)
Shipping names are seeing continued momentum: DRYS +36.2% (continued strength after disclosing additional info regarding Kalani stock purchase agreement), TOPS +13.3%, DCIX +9.2%, ESEA +6%, DHT +3%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: IDTI -4.3%, RMBS -4.2%, FBR -2.4%, CNXC -2.1%, TMHC -1.5% (also commences 10 mln common stock offering)
Companies trading lower in after hours in reaction to news: RRTS -12.7% (to restate prior financial statements; call is scheduled for Jan 31 at 8:30am ET to discuss the matters), TEVA -10.8% (unfavorable Capaxone patent ruling), PULM -5.7% (continued weakness), SMLP -4.8% (Summit Midstream Partners LP announces secondary public offering of 4 mln common units by selling shareholder Summit Midstream Partners Holdings), GBX -4.6% (commences $175 mln debt offering of Senior Convertible Notes due 2024), RIGL -3.8% (intends to offer & sell shares of its common stock in an underwritten public offering), FHB -1.3% (First Hawaiian majority stockholder intends to offer 25 mln shares of the common stock in an underwritten public offering)