After Hours Summary: COMM +15.0%, SCVL +4.2%, TIBX +1.9%, INVE -7.3%, SYMC -6.7%, AIR -6.3%, NKE -3.4% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: COMM +15.0%, SCVL +4.2%, TIBX +1.9%, SLW +0.4%
Companies trading higher in after hours in reaction to news: UPIP +73.2% (Co and Lenovo (LNVGY) announced a $100 mln patent licence and purchase transaction), GNK +30.7% (co made the scheduled semi-annual interest payment of approximately $3.1 million originally due on February 18, 2014 under its 5.00% Convertible Senior Notes due August 15, 2015), AVEO +12.6% (co regained worldwide rights to AV-203: Agreement with Biogen Idec (BIIB) allows AVEO to seek partner to accelerate clinical development), EGLE +9.1% (announced entry into waiver and forbearance agreement), ANN +7.5% (Golden Gate Capital disclosed 9.5% stake; ANN comments that it welcomes new investors), KIOR +8.4% (disclosed it issued Lenders ATM Warrants to purchase 3,032,406 shares of Class A common stock for exercise price of $1.37 on March 18), YELP +2.4% (co and YP signed strategic deal; agreement will allow YP to enhance its customers' business listings on Yelp and expand their distribution within the YP Local Ad Network to include Yelp's consumer reach), TXMD +1.9% (priced secondary offering of 9 mln shares at $7.10 per share)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: INVE -7.3%, SYMC -6.7%, AIR -6.3%, NKE -3.4%, RALY -3.1%, ENVI -2.6%, NWY -2.3%
Companies trading lower in after hours in reaction to news: SYMC -6.7% (announced its Board has removed Steven Bennett and appointed board member Michael Brown as interim president and chief executive officer, effective immediately; co also reported earnings), PBF -4.6% (announced offering of 15 mln shares of Class A common stock by First Reserve Management, L.P.), ENLK -2.0% (announced secondary offering of ~18 mln common units by selling unitholders), GTI -1.3% (disclosed effort to settle with the Daniel and Nathan Milikowsky Group; remains open to continuing to engage with Milikowsky group to reach a resolution)