After Hours Summary: WSM +14%, SMRT +11%, LASR +2% are higher, while LB -6%, NTAP -4% are lower following earnings/guidance, BW +21% on shareholder buyout proposalAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WSM +14.4%, SMRT +11.3%, UVV +7.3% (ticking higher), LASR +1.9%
Companies trading higher in after hours in reaction to news: BW +20.6% (Steel Partners Holdings files amended 13D -- prepared to acquire all shares it does not currently own for $3.00-3.50/share in cash), MRNS +9.4% (initiated with Outperform rating at Robert W. Baird), APLS +4% (initiated with Overweight ratings and $52 tgt at Cantor Fitzgerald), NRG +2.6% (still checking), CASY +2.1% (following late volatility on JANA stake speculation), HUN +0.9% (approves increase to share repurchase authorization up to $1 bln and announces a new $1.2 bln unsecured revolving credit facility), ELF +0.8% (ticking higher - initiated with a Outperform at Oppenheimer), GM +0.7% (on reports that Trump Administration is considering tariffs on new imported autos) MSCC +0.3% (Microchip Technology received antitrust clearance in Taiwan and acquisition approval by Microsemi shareholders; expects merger will close on May 29, 2018)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: LB -5.9%, NTAP -3.9%
Companies trading lower in after hours in reaction to news: QUIK -8.3% (commences offering of common stock and corresponding warrants), EIGR -4.7% (commences an underwritten public offering of common stock), FCAU -2.1% and TM -1.8% (following reports that the Trump Administration is considering tariffs on new imported autos) FND -1.7% (announces secondary offering of 10 mln shares of common stock by funds affiliated with Ares Management (ARES) and Freeman Spogli; also files mixed securities shelf offering), AGNC -1.6% (announces public offering of 30.0 mln shares of common stock)
