After Hours Summary: LQ +2.0%, ADI +1.0%, CRM +0.9%, INTU -3.7%, VSAT -2.8%, DY -1.3% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: LQ +2.0%, ADI +1.0%, CRM +0.9%
Companies trading higher in after hours in reaction to news: HERO +4.4% (announced five year drilling contract for newbuild jackup rig with Maersk Oil; total contract value is approximately $420 mln), ITMN +1.4% (announced additional pirfenidone data in idiopathic pulmonary fibrosis: Long-term Safety Outcomes Published in the Journal of Respirology), ADMS +1.4% (received $25 mln milestone payment from Forest Laboratories), CPF +0.7% (announced $30 mln stock repurchase program), MUR +0.4% (announced $125 mln accelerated share repurchase transaction)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: INTU -3.7%, VSAT -2.8%, DY -1.3%
Companies trading lower in after hours in reaction to news: MEIL -12.7% (announced proposed public offering of common stock; size not disclosed), IPCI -2.0% (filed for $100 mln mixed securities shelf offering), ST -0.8% (announced offering of 11.5 mln ordinary shares by selling shareholder and repurchase of its ordinary shares)