After Hours Summary: AVAV +8%, HRB +7%, CLNE +6% following earnings/guidance, RH +1.9% on WSM M&A speculation ... URBN -5%, BOJA -4.6%, AERI -2.6% following earnings/guidance, several names lower following offeringsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MFIN +29.8%, BIOC +21.2%, REXX +11.3%, AVAV +7.8%, HRB +7.3%, CLNE +6.2%, ZAGG +5.1%, NCS +3.4%, TLGT +3.1%
Companies trading higher in after hours in reaction to news: PRKR +32.8% (continued strength following favorable patent ruling), SHIP +15.8% (enters into a definitive agreement with one of its senior lenders for the early termination of a credit facility, which is expected to result into a material gain and equity accretion), EXTR +6.6% (to acquire Avaya's networking business for ~$100 million), TSL +5.4% (still checking), RH +1.9% (UK Betaville blogger suggests Williams-Sonoma [WSM] is 'stalking Restoration Hardware')
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ALQA -6.4% (thinly traded; also initiated a process of identifying strategic alternatives for the contract manufacturing business), EDIT -5.3%, URBN -4.8%, BOJA -4.6%
Companies trading lower in after hours in reaction to news: HIIQ -11% (launches a secondary underwritten public offering of shares of its Class A common stock), GEO -5.1% (commences offering of 6,000,000 shares of its common stock), FOXF -3.7% (announces secondary offering of 5,108,718 shares by one of its existing stockholders), LAND -3.4% (ticking lower - to sell ~1.4 mln shares of common stock in an underwritten public offering), LADR -2.9% (announces secondary public offering of 3 mln shares of Class A common stock by certain affiliates of Alberta Investment Management, GI Partners, Northgate Capital and TowerBrook Capital Partners), FCSC -1.9% (Fibrocell Science entered into securities purchase agreement with existing investors for sale of $8.0 mln Series A Convertible Preferred Stock and accompanying warrants), APC -1.2% (announces 2017 initial capital program of $4.5-4.7 bln)