After Hours Summary: PIR +7.2%, OPGN +1.8%, RATE -13.7%, JBL -7.5%, ORCL -6.4%, OIS -5.4% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: PIR +7.2%, OPGN +1.8%
Companies trading higher in after hours in reaction to news: CRDS +14.4% (announced patent litigation update including results of Markman Hearing; a Federal Court in the Western District of Texas entered an order in which the Court determined the meaning of 17 disputed claim terms in the patents-in-suit), BMRN +6.8% (announced positive results of a Phase 2 proof-of-concept and dose finding study of BMN 111, an analog of C-type Natriuretic Peptide, in children with achondroplasia), ADVS +1.3% (reported U.S. Department of Justice Clears SS&C's (SSNC) acquisition of Advent),
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: RATE -13.7%, JBL -7.5%, ORCL -6.4%, OIS -5.4%
Companies trading lower in after hours in reaction to news: HERO -62.4% (entered into a restructuring support agreement with Steering Group of senior noteholders holding more than 67% of the co's senior notes), ONVO -7.3% (announced proposed secondary offering; terms not disclosed), SPBC -2.7% (announced proposed public offering of ordinary shares, size not disclosed), ISLE -1.9% (Chief Development Officer John Wilson disclosed sale of 10k shares at average price of ~$19.89, transaction date 6/16/15), CTRP -0.9% (announced an offering of $1 billion convertible senior notes due 2020 and 2025)