After Hours Summary: CPRT +4.5% higher and BBBY -12%, ADBE -3%, FDX -2%, AIR / STLD -1% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: KOOL +12.4% (thinly traded), CPRT +4.5%
Companies trading higher in after hours in reaction to news: WAC +53.8% (Barclays agreed to increase available financing), GEMP +11.5% (plans to advance its product candidate gemcabene into Phase 3 development in 2018 and is preparing for end of Phase 2 meeting w/ the FDA and EMA in early 2018), MBII +4.6% (light volume - ÉLÉPHANT VERT will develop and market two of MBI's products in Morocco, Tunisia and Algeria), PULM +2.5% and S +1.8% (continued strength), AUPH +1.6% (will host an R&D Day on October 20 at 8:00am ET), EVH +1.3% (ticking higher; initiated after the close with Overweight and $23 tgt at KeyBanc Capital Mkts), AOBC +1.2% (continued strength following President Trump comments on gun exports), CX +1.2% (offers to purchase for cash any and all of CEMEX Finance LLC's outstanding 9.375% Senior Secured Notes due 2022), RESI +1.1% (ticking higher; provides update on impact of Hurricane Irma; inspections so far indicate limited damage relative to overall portfolio), BPL +0.5% (to sell limited partnership units for approx $210 mln; expects this offering to be sufficient to fund a portion of its growth capital projects, eliminating the need for additional equity offerings through mid-2018)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BBBY -12.3%, ADBE -3.2%, FDX -1.6%, AIR -1.2%, STLD -0.8%
Companies trading lower in after hours in reaction to news: MXWL -3% (amends/restates Viex agreement; proposes offering of $50 mln convertible senior notes due 2022 in a private offering), WSM -2.3% (following BBBY results), MDXG -0.8% (to host call on September 21 at 10:30am ET to update progress on strategic initiatives and respond to topics requested by shareholders), F -0.6% (reports that Ford plans to cut production at 5 North American plants), UPS -0.5% (following FDX results)