After Hours Summary: CTMX +35% on Amgen collaboration news, F slightly higher on strategic update news/guidance... ODP -10% on $1 bln acquisition and guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance:
Companies trading higher in after hours in reaction to news: CTMX +35% (CytomX Therapeutics and Amgen announce strategic collaboration in immuno-oncology; Amgen to make upfront payment of $40 mln and purchase $20 mln of common stock), MTBC +13.9% and CLSN +9% (continued strength), FCEL +5.8% (after being initiated with Outperform and $4 tgt at Oppenheimer), I +3.4% (after seeing late move higher after analyst said jointly filed a submission with the FCC proposing the sharing of C-band spectrum for use in 5G), GBT +2.7% (Point72 Asset Management increases passive stake ), MGI +1.8% (following afternoon weakness on reports that Alibaba's (BABA) Ant Financial deal to acquire MGI might get criticism from Senator Schumer), BSFT +1.2% (ticking higher on PE speculation), TWTR +1% (higher following Disney's Iger comments -- said previously considered Twitter acquisition), F +0.4% (details strategic update to refocus company; reaffirms 2017 full-year financial guidance and 2018 outlook will be provided in January)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: IDT -4.2% (says continues to work toward the spin-off our non-core assets)
Companies trading lower in after hours in reaction to news: ODP -10.2% (to acquire CompuCom Systems for approx $1 bln; reports prelim Q3 results and lowers full-year outlook ), NLNK -7.1% (to offer up to $50,000,000 of shares of its common stock in an underwritten public offering) RIGL -7.1% (proposes public offering of $40 mln of common stock), WGO -1.3% (attributed to downgrade at Stifel), ROKU -1.2% (continued weakness; also CBOE Holdings plans to list options on Roku on Friday October 6), VZ -0.3% (Verizon's Yahoo provides notice to additional users affected by previously disclosed 2013 data theft)