After Hours Summary: ARO +6.5%, PDLI +4.6%, APP +0.5%, JMEI -4.9%, URBN -1.8%, PWRD -1.4% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: ARO +6.5%, PDLI +4.6%, APP +0.5%
Companies trading higher in after hours in reaction to news: SKH +44.9% (to combine with Genesis HealthCare in 100% stock transaction), RAX +3.6% Blue Harbour Group confirmed a 6.4% active stake in 13D filing), CTSH +1.6% (Lone Pine Capital disclosed a 5.3% passive stake in 13G filing), WPX +1.2% (announced it has executed multiple agreements; to sell its remaining mature, coalbed methane holdings in the Powder River Basin for $155 mln in cash), AFG +0.9% (increased annual dividend 14% to $1.00 from $0.88 per share), AMGN +0.6% (announced positive top-line results from second Phase 3 study of AMG 416 for the treatment of secondary hyperparathyroidism: meets primary and all secondary endpoints)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: JMEI -4.9%, URBN -1.8%, PWRD -1.4%
Companies trading lower in after hours in reaction to news: ONTY -6.5% (disclosed that Phase 1/2 study of tecemotide in patients with lung cancer did not meet its primary endpoint, no treatment effect seen in secondary endpoints), CLR -0.8% (Board declared a 2:1 stock split to be issued in the form of a stock dividend)