After Hours Summary: EBAY +9%, NOW +6.5%, XLNX +3% higher on earnings/guidance... MAT -11%, MCK -6% (weighing on PBM names), FFIV -5%, LVS -4% (hitting Macau peers), QCOM -4% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: EBAY +8.6%, URI +8.1% (will acquire NES for ~$965 mln in cash; expected to be immediately accretive to EPS/FCF generation for full year 2017), TER +8.1% (also quarterly dividend increased 17% to $0.07 beginning 1Q17), QSII +7.4%, NOW +6.5%, MEOH +5.4%, XLNX +3.2%, BGG +2.1%, VRTX +1.5%, EGHT +1.2%, EWBC +0.8%, RLI +0.5%, CSFL +0.5%, UMPQ +0.4%, T +0.3%, WDC +0.2%
Companies trading higher in after hours in reaction to news: AVGR +28.5% (announces 'positive' two-year clinical data from the pivotal VISION study of the company's Lumivascular technology), MXPT +7.5% (continued strength), WTW +5.2% (Kraft Heinz and WTW shareholder Oprah Winfrey announce joint venture) WGL +3.1% (WGL Holdings to be acquired by AltaGas for $88.25/share in cash, or ~CAD$8.4 bln), FCH +2.8% (following late move higher on sale speculation), MRO +1% (light volume - files mixed securities shelf offering and maintains quarterly dividend at $0.05/share)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MAT -10.7%, QTM -8.6%, CMPR -8.3% (very light volume - also announces intention to implement organizational changes aimed at decentralizing its operations), MCK -5.9% (also enters into agreement to acquire CoverMyMeds for approx $1.1 bln), CSII -5.2%, FFIV -5%, LVS -4.1%, CTXS -3.9% (also increases buyback $500 mln; LogMeIn stockholders approve issuance of shares of its common stock to equityholders of Citrix Systems in connection with its proposed merger with Citrix; merger is expected to be completed on January 31), QCOM -3.7%, VAR -2.9%, KNX -2.9%, MUR -2.1%, LRCX -1.6%, CMO -1.2% (light volume)
Companies trading lower in after hours in reaction to news: AGI -5.8% (announces $250 mln bought deal offering; to sell 31.45 mln common shares at $7.95/share), PULM -4.9% (following 65%+ move higher on Wednesday), ABC -3.9% (following MCK earnings/guidance and acquisition news), HAS -3.2% (following MAT earnings/guidance), ENTL -3.1% (announces a $60 mln underwritten public offering of common stock consisting of $40.0 mln of shares to be offered by the co and $20.0 mln of shares to be offered by certain existing stockholders)
Casino / gaming names are under pressure following Las Vegas Sands (LVS) earnings/guidance: MPEL -1.6%, MGM -1.4%, WYNN -1.1%, BYD -1%
PBM managers seeing continued weakness following MCK earnings/acquisition news (group was underperforming on speculation that Trump will target PBM managers): CAH -4.4%, ESRX -0.7%, CVS -0.4%