After Hours Summary: CTAS +5% following earnings/guidance, SEED +37% on business units sale news, COTY +3% on S&P 500 addition news... TPX -24%, SONC -7%, NKE -2% following earnings/guidance, GALT -52% after trial failed to meet endpointsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CTAS +4.9%, LNDC +0.2% (initially traded lower but is modestly higher in after hours trade)
Companies trading higher in after hours in reaction to news: SEED +36.9% (announces sale of commercial seed production and distribution business for $60 mln), PIR +4.5% (adopts a Shareholder Rights Plan in response to recent accumulations of the co's common stock), HLIT +4.1% (enters into a warrant agreement with Comcast which provides Comcast with the opportunity to acquire shares of common stock of Harmonic based on specific CableOS and other Harmonic product sales), COTY +2.9% (Coty will replace Diamond Offshore in the S&P 500), FRGI +2% (appoints Danny Meisenheimer interim CEO and President of the Company; provides strategic updates), CXW +0.6% (very light volume - announces corporate restructuring and cost reduction plan), TASR +0.3% (ticking higher - TASER unit announced the purchase of 720 Axon Body 2 cameras and 100 Axon Flex cameras by the Northern Territory Police in Australia)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: TPX -24.3%, SYMX -8.4% (light volume), SONC -6.9%, NKE -2.2%
Companies trading lower in after hours in reaction to news: GALT -51.8% (announces top-line data from exploratory Phase 2a pilot trial; trial also did not meet primary or secondary endpoints; entered into a Securities Purchase Agreement), SCSS -8.4% (TPX sympathy), VSAR -6.2% (commences common stock offering for undisclosed amount), RGSE -4.3% (after surging 150% higher), ARRY -2.1% (commenced an underwritten public offering of $100 mln of shares of its common stock, plus a 30-day option to purchase up to an additional $15 mln of shares of its common stock offered in the public offering), FL -1.8% (following Nike earnings), GSBD -0.9% (light volume-plans to conduct an offering of up to $100 million aggregate principal amount of convertible notes due 2022), GOOGL -0.7% (downgraded to Underperform from Neutral at Wedbush)