After Hours Summary: ILMN +9.7%, WERN +4.6%, CE +3.9%, AAPL +1.6%, GLF -8.1%, UCTT -7.4%, CMG -4.6% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: ILMN +9.7%, WERN +4.6%, CE +3.9%, HLX +2.7%, STLD +1.9%, AAPL +1.6%, TXN +1.3%, +1.1%
Companies trading higher in after hours in reaction to news: GSAT +2.6% (co reiterated value of its spectrum assets; believes Kerrisdale continues to 'distort facts in attempt to undermine the benefits of TLPS'), ABBV +2.3% (announced new $5 bln stock repurchase and increases dividend), MPW +1.0% (announced more than $1 billion in new real estate investments; expected to be accretive to normalized FFO by $0.09 -- $0.12 per share), UPS +0.5% (co announced rates across UPS Ground, Air, International, UPS Freight, and UPS air freight will increase average of 4.9% effective Dec. 29, 2014)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: GLF -8.1%, UCTT -7.4%, KALU -6.8%, RMBS -5.4%, CMG -4.6%, PKG -2.5%, CYS -1.6%, ZION -0.9%, HXL -0.5%
Companies trading lower in after hours in reaction to news: RNO -39.0% (announced Q3 distribution of $0.05 per unit, lowered from previous quarter distribution of $0.445 per unit; co redoubling its cost cutting efforts due to weak coal markets), CVM -16.5% (announced proposed public offering of common stock; terms not disclosed), TRN -1.8% (confirmed $175 mln in damages at jury trial), REN -1.4% (provided operation update: Three Permian Basin horizontal wells averaged 1,300 Boe per day on peak 24-hour IP tests), SHPG -1.0% (confirmed AbbVie (ABBV) terminated offer to acquire the company)