After Hours Summary: AMAT +5%, NVDA +0.9% are higher, while PINS -16%, BIDU -9%, IQ -5% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BOOT +7.9%, AMAT +5.4%, NVDA +0.9%
Companies trading higher in after hours in reaction to news: MNKD +3.1% (entered into exclusive marketing and distribution agreement with the AMSL Diabetes division of Australasian Medical & Scientific for the commercialization of Afrezza Inhalation Powder in Australia), LGF.A +2.9% (light volume; scheduled to report earnings next week), INO +2.3% (Inovio and QIAGEN establish collaboration to develop diagnostic test for VGX-3100, Inovio's novel immunotherapy targeting advanced cervical pre-cancer), IOVA +2% (continued strength), PHM +1% (approves increase of $500 mln to share repurchase authorization; announces cash tender offer for $300 mln of its 4.250% senior notes due 2021), NOG +0.8% (Pres disclosed the purchase of 200K shares), MFA +0.7% (upgraded to Outperform at Keefe Bruyette)
Chip and tech names are modestly higher following AMAT / NVDA earnings (SMH +0.4%, SOXX +0.4%): LRCX +0.8%, AMD +0.7%, XLNX +0.6%, MU +0.3%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PINS -16.2%, BIDU -9.2%, IQ -5.3%
Companies trading lower in after hours in reaction to news: WTRH -4.5% (announces launch of follow-on public offering of common stock), GRUB -0.9% (reports that Amazon plans to buy stake in UK food delivery app deliveroo