After Hours Summary: EA +7%, OCLR +6%, PBPB +5.8% higher following earnings/guidance, HLS +6% S&P400 addition news... ADPT -50%, ZAGG -20%, DXCM -18%, X -9%, DATA -8% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: TTOO +13.8% (also T2 announces a collaboration with Allergan to develop a novel diagnostic panel to detect Gram-negative bacterial species and antibiotic resistance; will receive $4 mln in milestone payments), EA +6.6%, OCLR +6.3%, TNET +6.2% (ticking higher), PBPB +5.8%, IPHI +5.6% (also announced will acquire ClariPhy Communications for $275 million in cash as well as the assumption of certain liabilities at the close), KNOP +5%, BGFV +4%, SQ +3.9%, LNTH +3.9%, PZZA +3.7%, ENPH +3% (ticking higher), CYH +2.6% (light volume), CIM +2.1% (ticking higher), EXTR +2%, DVN +1.9%, ETSY +1.2% (also CFO leaving), TRNC +1% (ticking higher)
Companies trading higher in after hours in reaction to news: PTN +65.2% (reports the Reconnect Studies met the pre-specified co-primary efficacy endpoints in both Phase 3 clinical trials), AVXS +18.7% (provides update after receipt of FDA minutes from Type B meeting; AVXS-101 study will reflect a single-arm design, using natural history of the disease as a comparator, and enroll approximately 20 patient), HLS +6.3% (will replace Rackspace in the S&P Midcap 400 after the close of trading on November 3), URRE +5.6% (announces expansion of its claim position at the Sal Rica Lithium Brine project in Utah), ATVI +2.1% (following EA earnings/guidance), TSRO +1.5% (announces that it has completed the niraparib rolling New Drug Application submission to the FDA for the maintenance treatment of patients with platinum-sensitive, recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer who are in response to platinum-based chemotherapy), AVH +1.3% (following late move higher on reports that UAL / DAL nearing bid)
Optical names are higher following Oclaro (OCLR) earnings: FNSR +4.6%, NPTN +2%, ACIA +0.2%
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ADPT -49.9% (also appoints Gregory Scott as Chairman), ZAGG -19.9%, DXCM -17.9%, MEMP -15% (also exploring strategic alternatives; decides to not make an interest payment on its senior notes that was due on Nov 1), DHT -10.8%, MYGN -9.9%, SBAC -9.8%, X -8.9% (agrees to terms with Bedrock Industries regarding the sale and transition of ownership of U. S. Steel Canada), DATA -7.9%, TISI -6.3%, CERN -6.1%, ZEN -5.6%, BYD -5.4% (ticking lower), PAYC -4.3%, PXD -3.9%, TSE -3.6%, HWAY -3.4% (appoints Chief Accounting Officer Glenn Hargreaves as interim CFO, effective immediately), TRUP -3.3%, FTR -3.3%, TRP -2.8% (also confirms agreement to purchase all of the common units of Columbia Pipeline Partners LP for $17.00/unit; updates on a series of strategic initiatives), MTCH -2.6%, HLF -2.1% (also announces that CEO Michael O. Johnson will transition to the role of executive chairman; Richard P. Goudis, currently COO will succeed Johnson as CEO), ILMN -1.8%, GILD -1.1%
Companies trading lower in after hours in reaction to news: RDHL -5.9% (intends to offer its American Depository shares in an underwritten public offering), VRX -3% (after making late move higher on Salix sale speculation; issues statement, confirms it is currently in discussions with third parties for various divestitures including but not limited to Salix), CXRX -1.5% (enters into an additional cross currency swap agreement as part of its ongoing currency hedging program), TSLA -1.2% (Tesla Motors provided update on proposed SolarCity merger), NEE -1.1% (plans to make an offering of 12,000,000 shares of its common stock in a registered underwritten offering)