After Hours Summary: EGHT +5.7%, MITL +3.3%, CSII -20.1%, DGII -9.1%, SBUX -4.3% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: EGHT +5.7%, MITL +3.3%, MXIM +1.7%
Companies trading higher in after hours in reaction to news: LF +9.0% (Co and Prudential Financial (PRU) launch $350 mln investment partnership to access high-growth markets in Africa), GALE +8.8% (presented data from an observational study in gastric cancer patients at the American Society of Clinical Oncology 2016 Gastrointestinal Cancers Symposium), XNPT +5.5% (following Reuters report suggesting possible sale), VSTM +5.4% (to present preclinical data that demonstrated extended survival with the combination of its FAK inhibitor with anti-PD-1 therapy at Immunotherapy World on January 25), RP +2.7% (Brian Shelton will be named Interim Chief Financial Officer and Treasurer effective February 29), CEMP +1.6% (enters into an API manufacturing and supply agreement with FUJIFILM Finechemicals).
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CSII -20.1%, DGII -9.1%, SBUX -4.3%, AXP -4.1%, ETFC -2.5%
Companies trading lower in after hours in reaction to news: LGCY -26.1% (announced 2016 distribution suspension; capital budget of $37 mln), AGRX -14.7% (intends to offer and sell $30 million of shares of its common stock), REXX -13.3% (suspends payment of its quarterly dividend on shares of its 6.0% Series A convertible perpetual preferred stock), ABX -2.1% (announced preliminary 2015 full-year production of 6.12 mln ounces of gold, in line with the co's updated guidance of 6.0-6.15 mln ounces), BA -1.4% (Boeing to cut 747 production rate due to slow cargo market recovery)