After Hours Summary: CDNS / CRMT +8%, NVTA / FIVN +5% are higher, while TVTY / LC -8%, TX -6%, TXRH -3% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: OSPN +25.4%, HSTM +18.7%, LNTH +11.2%, CRMT +8%, CDNS +7.8%, LMAT +6.4%, PFGC +6.4%, DVN +6.3% (also to pursue separation of Canadian and Barnett Shale assets, adds to repurchase authorization, boosts dividend), NVTA +5.4%, FIVN +5.2%, LZB +4.3%, DK +1.8% (light volume), EVBG +1.2%, WIRE +1.2%, HLF +1%
Companies trading higher in after hours in reaction to news: FCX +2.5% and PCG +2.2% (continued strength), UNIT +1.5% (to sell its Uniti Towers' business in Latin America for cash consideration of ~$100 mln), ADI +0.8% (increases dividend 12.5% to $0.54/share; raises annual dividend growth target), TSLA +0.5% (slightly higher in after hours trade -- Elon Musk tweeted image of 4K cars being loaded for Europe)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: TVTY -8.1%, LC -8%, TX -6.1%, CXO -5.2%, TXRH -2.9%, SSTI -2.5% (light volume), FANG -2.2%, OMI -1.9% (also names Edward Pesicka Pres/CEO effective March 4; lowers dividend)
Companies trading lower in after hours in reaction to news: OVID -22.2% (commences offering of common stock and Series A convertible preferred stock), AI -4.4% (announces public offering of 6.0 mln shares of common stock), ARR -2.7% (announces underwritten public offering of 6.0 mln shares of common stock), NRZ -2.5% (commences 40,297,096 common stock offering, 40 mln are being offered by the Company), CPT -1.8% (announces public offering of 3,375,000 common shares), MRK -1.1% (announces pivotal Phase 3 KEYNOTE-240 trial evaluating KEYTRUDA did not meet co-primary endpoints of overall survival and progression-free survival)