After Hours Summary: AVAV slumps on light quarterly report
After Hours Summary:After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CCUR +8%, VEEV +4.5%, NCS +2.8%, CHS +2.4%, OOMA +1.9%
Companies trading higher in after hours in reaction to news: FELP +8.5% (Completed its out-of-court restructuring of more than $1.4 bln in indebtedness), GSAT +5.9% (Signed a strategic agreement with Carmanah Technologies), PSG +1.9% (Announced that it has executed amendments with its lenders, extending the deadline for filing its annual report on Form 10-K; also disclosed that it had hired Centerview Partners to review and evaluate strategic alternatives), CLVS +0.7% (Amended its license agreement with Pfizer (PFE)), VRX +0.5% (Announced that Chairman and CEO Joseph C. Papa will participate in two healthcare conferences in September)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AVAV -12.7%, HRB -6.8%, CAL -6.7%, PANW -5.1%
Companies trading lower in after hours in reaction to news: MDCO -6.9% (Provided an update on its Dyslipidemia programs; the pre-defined, upper statistical boundary for efficacy in the MILANO-PILOT study of MDCO-216, which permits early termination of the study by the Company, was not met), PRXL -3.3% (Filed to delay its Form 10-K following receipt of report of an incident of misappropriation of corporate funds by an employee in one of the Company's international operations), CYCC -3.2% (Updated on the status of its at-the-market issuance program, disclosed a plan to file an additional prospectus), SAEX -2.6% (Filed for an offering of 3.08 mln shares of common stock on behalf of selling shareholders)