After Hours Summary: ANW +13%, NTAP +11% following earnings/guidance, HAIN +10% on audit committee finding no evidence of intentional wrongdoing... FSLR -12%, CSCO -5% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ANW +13.2%, NTAP +10.7%, GFF +2.9% (ticking higher - also increases quarterly dividend)
Companies trading higher in after hours in reaction to news: HAIN +9.8% (independent audit committee review was completed with no evidence of intentional wrongdoing; begun to implement a remediation plan to strengthen its internal controls and organization), PIP +3.4% (ticking higher; receives a final payment from SIGA Technologies of $83.9 million which fully satisfies the judgment owed to PharmAthene), TREE +2.1% (acquires CompareCards for up to $130 mln)
Shipping names extending recent gains in after hours: SINO +18.9%, DCIX +14.3%, GLBS +4%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FSLR -11.9% (raises 2016 EPS guidance; 2017 ERS, revenue, and shipment guidance below expectations), CSCO -4.7%
Companies trading lower in after hours in reaction to news: VUZI -32.3% (Vuzix receives letter from Intel stating that it no longer desires to pursue a strategic relationship), LEI -25.5% (files prospectus supplement increasing prior S-3 offering of common stock on behalf of selling shareholders), ACRS -10.1% (announces a $65 mln underwritten public offering of common stock), STL -3.9% (offering 3.8 mln shares of common stock in a registered public offering), PLNT -3.8% (commences 15 mln common stock offering by selling stockholders), PFGC -3.7% (files for common stock shelf offering and announces secondary offering of 10 mln shares of common stock by certain stockholders, including affiliates of The Blackstone Group), TERP -1.3% (announces extensions until March 2017 to regain Nasdaq compliance; D. E. Shaw affirms 6.7% active stake, says is evaluating various potential transactions with one or both of the Issuer and SunEdison)
Solar names are trading lower following First Solar (FSLR) guidance/update: CSIQ -4.3%, SPWR -3.6%, TSL -3.3%, TAN -1.7%, JKS -1.1%