After Hours Summary: CSX +2.3% on earnings and modestly boosting rail names, WFC +1.7% on Chairman/CEO John Stumpf retirement news... FLDM -18.4% on dismal Q3 sales/suspending 2016 guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NEPT +9%, CSX +2.3% (rails higher in sympathy: NSC +1.3%, UNP +0.2%, CNI +0.2%, KSU +0.1%)
Companies trading higher in after hours in reaction to news: EBAY +2.5% (MercadoLibre commences a 5.5 mln share underwritten public offering of common stock by selling stockholders eBay & certain subsidiaries; eBay says sale will enable it to realize a significant gain on its investment), ERJ +1.9% (upgraded to Buy from Neutral at Goldman), AAMC +1.8% (after 30%+ move higher), WFC +1.7% (Wells Fargo Chairman, CEO John Stumpf retires; Board of Directors elects Tim Sloan CEO, Director; appoints Lead Director Stephen Sanger Chairman), HTGM +1.3% (continued strength after jumping 35% on broad companion diagnostics master agreement w/ Merck KGaA news)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FLDM -18.4% (issues Q3 prelim revenue numbers of ~$22.2 mln vs. $29.3 mln Capital IQ Consensus Est; as a result of its Q3 prelim numbers, co is suspending its full year 2016 guidance)
Companies trading lower in after hours in reaction to news: TGTX -20% (to host conference call to provide an update on the GENUINE Phase 3 trial tomorrow, Thursday, October 13, 2016 at 8:30am ET), MELI -6% (MercadoLibre commences a 5.5 mln share underwritten public offering of common stock by selling stockholders eBay & certain subsidiaries; MercadoLibre offers prelim Q3 results in conjunction with today's proposed secondary offering, sees revs of $220-290 mln vs $222.13 mln Capital IQ Consensus Estimate), VOXX -1.3% (light volume in after hours -- was up nearly 50% today on earnings), SGEN -0.5% (filed for 44,059,594 share common stock offering by holders)