After Hours Summary: AVAV +5.5%, AA +1.1%, GIMO -28.8%, TCS -16.0%, SIMG -12.0%, BOBE -2.4% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: AVAV +5.5%, AA +1.1%
Companies trading higher in after hours in reaction to news: LJPC +2.7% (announced planned initiation of Phase 3 registration program for LJPC-501 in resistant hypotension; application for orphan drug designation filed), C +0.9% (CNBC reporting that co is near a multi billion dollar settlement with the U.S. government over mortgages)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: GIMO -28.8%, TCS -16.0%, SIMG -12.0%, BOBE -2.4%
Companies trading lower in after hours in reaction to news: SLXP -2.8% (to combine with Cosmo Technologies; upon completion of the merger, shareholders of Salix are expected to own slightly less than 80% of the ordinary shares of the new company), RTK -1.3% (filed for ~45.05 mln share common stock offering by selling shareholders), CLUB -0.8% (disclosed an amendment to property sale agreement to permit Purchaser additional time to complete its financing)