After Hours Summary: SNDK +13%, CRUS +10.2%, TXN +1.8%, CVA -6.4%, AXP -2%, QCOM -2% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: UCTT +18.1%, FTK +16.4%, SNDK +13%, CRUS +10.2%, FTNT +8.8%, AFOP +8.3%, INFN +8%, CLB +6%, CAKE +5.7%, FFIV +5.3%, LVS +3.5%, ZHNE +3.4%, DWCH +3.3%, CVTI +2.9%, HNI +2.7%, FBHS +1.9%, TXN +1.8%, OII +1.4%, MLNX +1.1%, TBI +0.7%, MOSY +0.5%, RCKY +0.5%, CCI +0.5%, GGG +0.4%
Companies trading higher in after hours in reaction to news: CI +6.9% (WSJ reporting that co is close to being acquired by Anthem (ANTM) for ~$187 per share), GTE +2.6% (announced normal course issuer bid; co would be able to purchase for cancellation up to approximately 5% of its issued and outstanding shares of common stock for a one year period at prevailing market prices), SURG +2.6% (announced an early renewal of the supply agreement with Stryker), SRPT +2.1% (announced New England Journal of Medicine publication of Phase 1 data of Marburg drug candidate AVI-7288; no clinical or toxicologic safety concerns), ACFC +1.3% (disclosed receipt of a written notice of termination of the Supervisory Agreement with the Board of Governors of the Federal Reserve System), AMAG +0.6% (entered into option agreement to acquire rights to orphan drug candidate for treatment of severe preeclampsia; will make an upfront payment of $10 million), REGI +0.6% (expanded its line of credit agreement with Wells Fargo Capital Finance, LLC from $40 million to $60 million), EVHC +0.6% (announced a strategic partnership with InTouch Health)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: CVA -6.4%, URI -5.2%, SCSS -5%, PLCM -3.8%, AXP -2%, QCOM -2%, CYS -1.9%, TSCO -1.9%, XLNX -1.5%, DLB -1%, NEM -0.9%, BHLB -0.7%, MKSI -0.6%, EGBN -0.1%, PUBGY -0.1%
Companies trading lower in after hours in reaction to news: ATTU -0.9% (filed for $50 mln mixed securities shelf offering; also filed for offering of ~850k ordinary shares for selling shareholders), HDS -0.4% (announced the sale of ~30.54 mln shares of common stock by certain selling stockholders associated with Bain Capital Partners and THD Holdings)