After Hours Summary: AAOI +20% on raised guidance, CMG +7% on Pershing stake news... CASY -7%, PLAY -7% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AAOI +20.3%, (raises Q3 guidance), HQY +1.9%, SCWX +1%,
Companies trading higher in after hours in reaction to news: GVP +11.7% (receives contracts to provide updates to nuclear site simulator platforms for customers in the UK and Japan; two projects add over $6 mln to its backlog and include options that could grow backlog significantly further), PGNX +8.8% and VRX +1.9% (Valeant Pharma and Progenics announce the U.S. commercial launch Of FDA-approved Relistor Tablets; poster presentations to highlight RELISTOR tablets during PAINWeek in Las Vegas, on September 6-10), CMG +6.6% (Pershing Square discloses 9.9% active stake, intends to engage in discussions with management and the Board), FNSR +1.4% (AAOI sympathy), EXEL +0.6% (announces outcome from first planned interim analysis of the Phase 3 CELESTIAl trial of cabozantinib in patients with advanced hepatocellular carcinoma; IDMC determined that the study should continue without modifications), CLCD +0.3% (continued strength after 120%+ move higher today)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CASY -7.4%, PLAY -6.7%
Companies trading lower in after hours in reaction to news: AMD -4% (files mixed securities shelf offering for an undisclosed amount; to commence concurrent public offerings of ~$600 mln of its common stock and $450 mln aggregate principal amount of its convertible senior notes due 2026), SMLP -3.1% (commences an underwritten public offering of 5,500,000 common units), OLLI -2.5% (files common stock shelf offering for an undisclosed amount; announced that affiliates of CCMP Capital Advisors intend to offer 13,725,798 shares of common stock in an underwritten public offering), CPE -2% (to acquire certain undeveloped acreage & producing oil and gas properties for total consideration of $327 mln in cash, provides Howard County operational update; commences 23 mln common stock offering in connection w/ the previously announced Plymouth Acquisition), CTLT -1.1% (announced the launch of 19 mln share common stock secondary public offering by selling stockholders), NVDA -0.6% (files mixed securities shelf offering)