After Hours Summary: TERP +4.7%, HELE -9.1%, GWRE -4.5%, AVNW -3.9% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: TERP +4.7%
Companies trading higher in after hours in reaction to news: CNQR +12.4% (Seeing reports that co has explored a sale and approached companies including SAP and Oracle; Oracle decided not to pursue a transaction), TTPH +9.3% (announced positive oral dosing data from lead-in of IGNITE 2 Phase 3 trial of eravacycline for the treatment of complicated urinary tract infections), CBLI +6.8% (co announced it will report the outcome of its July FDA meeting and host conference call on September 3), FLEX +3.2% (received shareholder approval to purchase up to 20% of its outstanding shares; also, co's Board of Directors authorized management to purchase the co's shares in an aggregate amount of up to $500 mln), ACHN +0.7% (RA Capital Management discloses 18.1% passive stake in 13G filing)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: HELE -9.1%, GWRE -4.5%, AVNW -3.9%
Companies trading lower in after hours in reaction to news: END -20.0% (announced decision to not pay ~$33.5 mln in interest due on September 2, 2014), CPLP -5.4% (announced offering of 15 mln common units), DEPO -4.6% (announced offering of $230 mln convertible senior notes due 2021), CDW -3.7% (commenced public offering of 15 mln shares of its common stock held by selling stockholders), EFC -3.2% (commenced public offering of 8 mln common shares representing limited liability company interests), EFII -2.3% (announced proposed offering of $300 mln convertible senior notes due 2019), CLVS -1.7% (to offer $200 mln of convertible senior notes), AER -1.4% (filed for ~29.85 mln share common stock offering by selling shareholders), GRUB -1.3% (announced launch of proposed follow-on offering of ~10.03 mln shares of common stock)