After Hours Summary: FTCH -41%, NKTR -21%, DXC -17%, UBER -6%, ALRM +10%, ELY / UNIT +6%, YELP +5% among notable earnings/guidance moversAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PBYI +21.1%, SIEN +10.8%, ALRM +10.1%, WPRT +7.4%, FNKO +6.7%, OMER +6.4%, ELY +6%, UNIT +5.9%, YELP +4.6%, APPN +4.3%, LGF.A +4.3%, SYMC +3% (Symantec confirms sale of its enterprise security business to Broadcom [AVGO] for $10.7 bln in cash), VSAT +2.9% (light volume), FGEN +2.2%, ASYS +1.7%
Companies trading higher in after hours in reaction to news: EIDX +15.4% (BridgeBio Pharma affirms 66.7% active stake, delivers letter setting forth non-binding proposal to acquire all remaining shares for a fixed exchange ratio of 1.30 shares of the Reporting Person for each share of the Issuer), LXRX +10.9% (announces publication of "positive" data for Zynquista on cardiorenal clinical biomarkers in adults with type 1 diabetes), KALA +1.5% (receives complete response letter from FDA for KPI-121 0.25% NDA; clinical trial will be needed to support a resubmission), CLVS +1.5% (modestly rebounding; also prices $250 mln of 4.50% convertible senior notes due 2024), ADBE +1.3% (continued strength)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: VRAY -51% (also CFO resigns effective September 30; so says it is in the midst of a retained search to find his replacement), FTCH -41.2% (also also agrees to acquire 100% of the shares of New Guards Group for a total enterprise value of $675 mln), PUMP -28.5% (also files to delay its 10-Q; co is in the process of conducting an internal review), FSLY -23.6%, NKTR -21%, WTRH -18.9%, DXC -16.7%, QNST -16%, XON -13.4%, PYX -13%, VSLR -12.9%, TPC -12.2%, HEAR -11.8%, RVLV -10.9%, TSE -7.1%, OSTK -7%, AVT -6.9%, AAXN -6.4%, UBER -6%, SYNA -5.6%, AXDX -5%, AIRG -4.9% (light volume), DBX -4.9%, WPM -3.4%, TTD -2.4%, ATVI -1.5%, FLNT -1.4%
Companies trading lower in after hours in reaction to news: AMRN -22% (receives notice of FDA AdCom for Vascepa sNDA, anticipates that PDUFA date will be extended), MAT -5.4% (discloses that on August 6 it was made aware of an anonymous whistleblower letter), PMT -3.2% (offering 8 mln common shares of beneficial interest in an underwritten public offering), QSR -2.7% (files mixed securities shelf offering for an undisclosed amount; also files prospectus supplement for 20 mln common share offering by selling shareholder - affiliate of 3G Capital Partners)