After Hours Summary: EA -10.6%, PLXS -9.5%, CATY -7.1% lower on earnings/guidance; KNX +6%, WSBC +4%, ALK +3.1% higher on earnings; GWRE +4.4% to join S&P MidCap 400
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: KNX +6%, WSBC +4%, ALK +3.1%, CACI +2%, TOWN +1.7%, CADE +1.6% (also to acquire FCB Financial Corp; also increases dividend), SLG +1.2%, BANR +1.2%, DFS +0.8%, KMI +0.8% (also announces $1.7 bln Trident Intrastate Pipeline Project; also increases dividend), CNS +0.3%, STLD +0.1%
Companies trading higher in after hours in reaction to news: BETR +10.1% (authorizes new $25 mln share repurchase program), GWRE +4.4% (to join S&P MidCap 400), ARWR +4.1% (to move to S&P SmallCap 600 from S&P MidCap 400), OKE +1.6% (increases dividend), HSIC +1.6% (activist investor Ananym Capital to launch proxy fight, according to Reuters), NFE +0.7% (gas supply agreement with Energiza), MTB +0.6% (authorizes new $4 bln share repurchase program), AMAL +0.3% (increases dividend), ALTR +0.1% (shareholders approve merger with Siemens)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: EA -10.6%, PLXS -9.5%, CATY -7.1%, RLI -6.5%, HXL -3.7%, AA -1.7%, NBHC -0.2%
Companies trading lower in after hours in reaction to news: EVTL -28.4% (commences $75 mln unit offering), ASTS -13.9% ($400 mln convertible notes offering) LAKE -10.4% (stock offering), BTG -6.9% ($350 mln convertible notes offering) TTWO -1.6% (in sympathy with EA guidance), QUBT -0.9% (stock offering by selling shareholders), CON -0.7% (to acquire Nova Medical Centers; guides Q4 revs slightly above consensus), PRU -0.6% (to reinsure $7 bln Japanese whole life block), WBD -0.6% (CNN planning to lay off hundreds of employees this week, according to CNBC), OLP -0.3% (purchases two industrial properties for $49 mln), TM -0.3% (expands previously announced safety recall), BLBD -0.2% (names new CEO), KMPR -0.1% (estimates minimal California wildfire losses)