After Hours Summary: SMCI +16.6%, NUAN +9.1%, CA +2.2%, CREE +1.9%, AMD -9.6%, BBSI -5.4%, BOBE -4.7%, IBM -2.8% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: SMCI +16.6%, NUAN +9.1%, HURN +5.5%, TPLM +3.1%, CA +2.2%, CREE +1.9%, CBU +0.8%, FULT +0.1%
Companies trading higher in after hours in reaction to news: - TWI +5.7% (MHR Fund Management discloses 10.9% active stake in 13D filing; intends to seek to engage in discussions with management), - BBRY +2.4% (announced plans to divest Canadian Real Estate Holdings; will not comment on potential value of a sale), - GTE +2.4% (confirmed significant reserves at the Breana oil field in Peru), - JCS +2.0% (reported on first phase of restructuring plan; said 'cash position of the company has substantially improved'), - TA +1.5% (settled previously disclosed antitrust case), - RNO +1.4% (provided Q4 operational update; Pennyrile production remains on target for mid-2014), - XCO +1.4% (Fairfax Financial Holdings (FRFHF) discloses 6.4% passive stake in 13G filing)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: AMD -9.6%, BBSI -5.4%, BOBE -4.7%, IBKR -4.4%, XLNX -3.6%, IBM -2.8%, FNB -2.7%, MRTN -1.9%, FE -1.2%, WTFC -0.9%, BGC -0.4%, TXN -0.2%
Companies trading lower in after hours in reaction to news: - BBSI -5.4% (reached agreement in principle for a workers' compensation insurance arrangement with ACE Group to provide coverage to BBSI employees in California beginning in the first quarter of 2014), - NKTR -5.3% (filed mixed securities shelf offering), - KERX -3.9% (commenced a $90 mln underwritten public offering of shares of its common stock), - SPLK -1.5% (announced proposed follow-on offering of 6 mln shares of common stock), - GTI -1.2% (provided update and reconfirmed the savings targets on its previously announced global rationalization initiatives; efforts related to supply chain efficiencies are on track, and co continues to expect $100 mln of cash flow improvement), PODD -1.1% (appointed Patrick Ryan as Chief Operating Officer)