After Hours Summary: AAOI +20% and KBH +3.4% earnings/guidance strength lifting optical and homebuilder namesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AAOI +20.1%, LTRX +13.6%, VISI +5.2%, KBH +3.4%
Companies trading higher in after hours in reaction to news: HSGX +41.4% (announces an online publication in the American Journal of Sports Medicine; results from the two studies indicate that NeoCart is a safe & effective treatment for articular cartilage lesions through 5-year follow-up), ALIOY +4.9% (Bloomberg sources indicated Johnson & Johnson / Actelion agreed to price), STM +3.8% (still checking), BW +2.7% (Babcock & Wilcox Enterprises acquired Universal Acoustic & Emission Technologies effective today; expected to be accretive in 2017), GPAC +2.4% (enters into definitive merger with Sequel Youth and Family Services), ELY +1.4% (ticking higher; acquires OGIO International for $75.5 mln in an all-cash transaction; Callaway's management expects the acquisition to be immediately accretive to earnings)
Optical stocks are higher following Applied Optoelectronics guidance raise: OCLR +3.7%, LITE +2.9%, FN +1.4%, NPTN +0.9%, ACIA +0.8%, INFN +0.5%
A few homebuilders are higher following KBH earnings: PHM +0.6%, DHI +0.4%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: DRWI -25.9%
Companies trading lower in after hours in reaction to news: MYOS -9.4% (after closing near highs -- up 25% on the day -- the company confirmed Court has granted it the preliminary restraints that it requested against RENS Agriculture), NAK -9% (announces $25 mln bought deal; syndicate agreed to purchase 13.52 mln common shares at $1.85/offered share), DXTR -8.2% (after making 80% move higher on Wednesday), BTUUQ -6.9% (modestly pulling back), KOS -4% (announces secondary public offering of common shares), ABIO -3.6% (thinly traded; enters into a Capital on Demand Sales Agreement with JonesTrading Institutional Services to offer and sell shares of common stock having an aggregate offering price of up to $7.3 mln)