After Hours Summary: X +10.4%, MAR +4.1%, INVN -24.5%, FB -9.3%, GILD -3.6%, PNRA -2.8% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: ICAD +10.5%, X +10.4%, ZLTQ +9.4%, EXTR +9.1%, IPHI +5.1%, EGL +4.2%, MAR +4.1%, TQNT +4%, AMC +3.5%, SWI +3.5%, DLR +3.3%, ULTI +3%, MRCY +2.9%, XCO +2.5%, GPRE +2.5%, WES +1.7%, CAP +1.3%, AFL +1.2%, EXP +1.2%, USNA +0.7%, APC +0.6%, KFRC +0.6%, CNL +0.4%, NFX +0.2%, EIX +0.2%, KONA +0.1%, AZPN +0.1%
Companies trading higher in after hours in reaction to news: AKS +4.5% (announced it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $20 per ton, effective immediately with new orders), EGL +4.2% (entered into an agreement to acquire TASC for ~$1.1 bln, including the assumption of debt; expected to be significantly accretive to 2016 adjusted EPS; EGL stockholders to receive a special dividend of ~$11.40 per share in cash), ARNA +2.9% (announced positive top-line results of a pilot study to assess the safety of lorcaserin HCl and phentermine HCl), SPF +2.7% (announced a share repurchase program of up to $100 mln of common stock), IDT +2.6% (declared a special dividend of $0.68 per share), SANM +1.9% (announced the start of production for Raytheon missile systems electronic assemblies), LECO +1.7% (Board approved a 26% quarterly dividend increase to $0.29 per share and raised its 2014 share repurchase target 20% to $300 mln), QGEN +1.2% (announced an agreement with Astellas Pharma to develop companion diagnostics)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: INVN -24.5%, KEYW -17.6%, MTSC -14.4%, XOOM -12.6%, FB -9.3%, AMCC -9.2%, SM -8%, GILD -3.6%, PNRA -2.8%, EA -2.8%, VRTX -2.3%, TRUE -2.1%, OI -1.8%, HTS -1.6%, TRN -1.5%, WDC -1.5%, GAIN -1.2%, ESRX -1.2%, FISV -1%, MCK -0.8%, CHMT -0.3%, AJG -0.1%, CRAY -0.1%
Companies trading lower in after hours in reaction to news: ORB -12.7% (co's Cygnus spacecraft exploded on launch), SGYP -6.8% (announced a private offering to sell up to $150 mln principal amount of its convertible senior notes due 2019), TRUE -2.1% (filed for a 1 mln share offering of common stock by selling shareholders; co also provided Q3 guidance), PRU -1.5% (entered into an MoU with Inversiones La Construccion S.A. to acquire ownership stake in Administradora de Fondos de Pensiones Habitat S.A. in Chile between 34-40% for a purchase price of $530-620 mln)