After Hours Summary: SCVL +18.6%, KBH +2.6%, OLLI -2.8% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SCVL +18.6%, KBH +2.6%
Companies trading higher in after hours in reaction to news: ENZ +23.5% (Roumell Asset Management increases holding and discloses active stake of 4.1% - sent letter to the Board urging to review options), WCG +9.7% (boosted by reports of WellCare / Centene merger talks), XHR +6.1% / PBI +1.7%(to join S&P SmallCap 600), HCC +3.7% (light volume - authorizes repurchases of up to an additional $70 mln in the aggregate of its outstanding common stock), MOH +1.8% (rebounding from 14% decline today as reports of managed healthcare companies WellCare / Centene merger circulates), DX +1.2% (initiated with Buy at Nomura/Instinet)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PHAS -6%, OLLI -2.8%, GIL -2.3% (updates guidance to reflect anticipated charge related to Heritage distributor wind down; expects Q1 charge of approximately $19-23 million)
Companies trading lower in after hours in reaction to news: CBL -11.5% (announces proposed settlement of class action lawsuit; will suspend payment of its common dividend for two quarters), VSI -4.4% (ticking lower; announces resignation of CFO Bill Wafford), VEON -3% (VEON announces Telenor offer of 85 mln common shares), CRON -1.5% (downgraded to Neutral at Canadian firm PI Financial), QCOM -0.7% (attributed to unfavorable ITC ruling)