After Hours Summary: FIVE +4.9%, RHT +4.6%, PVH +1.3%, PSUN -5.9%, RARE -2.9%, VRNT -2.3% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: FIVE +4.9%, RHT +4.6%, PVH +1.3%, FNV +1.0%, WOR +0.7%, INOV +0.7%, AXP +0.2%, SXC +0.1%
Companies trading higher in after hours in reaction to news: VICL +15.7% (expanded infectious disease portfolio with the addition of a novel antifungal, ASP2397, in-licensed from Astellas Pharma), RHT +4.6% (announced $500 mln stock repurchase program; co also reported earnings), MDT +1.4% (announced the publishing of new data in JAMA Surgery demonstrating cost savings and reduced patient hospital stays following minimally invasive surgery), MKC +0.7% (authorized new $600 mln share repurchase program), MMM +0.7% (filed patent infringement lawsuit against Danville Materials)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: PSUN -5.9%, RARE -2.9%, VRNT -2.3%, GWR -1.1%, ASND -0.7%
Companies trading lower in after hours in reaction to news: SCMP -9.5% (announced a proposed underwritten public offering of shares of its class A common stock by selling stockholders; details not disclosed), FF -8.9% (disclosed it received a notice from Procter & Gamble (PG) terminating a purchase agreement), GWR -1.1% (entered into a $2.8 bln credit facility; co also lowered Q1 revenue guidance)