After Hours Summary: EXPO +12%, CSX -4%, UAL / IBM -3% following earnings/guidance, SNI +15% and DISCA +8% on potential deal talksAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: EXPO +11.8%, WTFC +1.5%
Companies trading higher in after hours in reaction to news: AEZS +45.1% (FDA granted NDA for Macrilen for the evaluation of growth hormone deficiency in adults December 30, 2017 PDUFA date), VRTX +25.2% (announces 'positive' Phase 1 & Phase 2 data from three different triple combination regimens in people with cystic fibrosis who have one F508del mutation and one minimal function mutation), PED +21.6% (provided transaction update; asset due diligence completed, successfully definitive documents now being drafted and anticipates closing by August 31, 2017), SNI +14.7% and DISCA +7.9% (WSJ reporting that Discovery Communications and Scripps are exploring M&A deal), OPGN +12.6% (CFO and CEO disclose purchases likely made under July 13 offering priced at $0.40/share), JONE +3.6% (reports Q2 production exceeding high end of guidance; schedules call to discuss mid-year updates tomorrow), WKHS +2.2% (after seeing notable move higher Tuesday afternoon), ANF +1.5% (SLS Management sends letter to the Board outlining actionable steps for it to undertake to maximize value for the shareholders), CELG +0.5% and AMGN +0.4% (still checking may be attributed to VRTX news)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CSX -3.9%, UAL -3.4%, IBM -2.7%, IBKR -1.1%
Companies trading lower in after hours in reaction to news: DRYS -28% (to effect a 1-for-7 reverse stock split of the Company's issued common shares), OHGI -11.4% (discloses entry into securities purchase agreement with two investors), INO -8.3% (to offer $75.0 mln of shares of its common stock in an underwritten public offering), HDP -8% (announces Pres/COO departure and other mgmt changes; expects Q2 total GAAP revs of $58-59 mln vs $57.2 mln consensus), MMYT -4.6% (ticking lower; files for 15,357,028 ordinary share offering by shareholders), SPEX -4.5% (after filing another amended S-1 with offering of approx 1.18 mln shares of common stock), GLPG -3.2% (ticking lower; attributed to VRTX news), UNP -0.9% (CSX sympathy), WY -0.5% (ticking lower; is implementing solution to address TJI Joists with Flak Jacket Protection product concerns; expecting before-tax costs of $50-60 mln)
United Continental (UAL) earnings/guidance weighing on airline names: SAVE -2.9%, AAL -1.5%, DAL -1.3% (ALSO VP/Chief Acctg Officer sold 5K shares), LUV -0.9%, JBLU -0.7%, ALK -0.5%
