After Hours Summary: GIGA +24.4%, MOMO +21.5%, TTWO +7.4%, URBN -15.3%, AMCN -3.8%, A -3.1% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: GIGA +24.4%, MOMO +21.5%, TTWO +7.4%, LAKE +4.2%, DWSN +2.6%
Companies trading higher in after hours in reaction to news: GIGA +21.1% co finalized a $10 mln multi-year production order for high performance YIG filters for a major aerospace company; co also reported earnings), BIOL +7.4% (announced Harold C. Flynn Jr. will become President and Chief Executive Officer, effective July 13, 2015), TTWO +7.4% (increased share repurchase authorization to 10 mln shares; co also reported earnings), TRQ +3.9% (announced Oyu Tolgoi shareholders sign agreement to progress the development of underground mine)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: URBN -15.3%, AMCN -3.8%, A -3.1%, NOAH -2.6%, CCIH -0.7%
Companies trading lower in after hours in reaction to news: EOX -13.4% (announced common stock offering with aggregate public offering size of $150 mln), RNDY -8.9% (announced a proposed underwritten secondary offering of 3.5 mln shares of its common stock owned by selling shareholders), ARP -5.8% (announced it has agreed to acquire natural gas producing properties in the Arkoma basin, from its parent company, Atlas Energy (ATLS), for $35.5 mln), MBI -5.7% (announced the sale of 27.25 mln shares of common stock, by funds affiliated with Warburg Pincus), LINE -4.8% (announced public offering of 16 mln units), BRG -2.9% (co has commenced a public offering of ~3.85 mln shares of its Class A common stock), SABR -2.3% (confirmed the public offering of 22 mln shares of common stock by existing stockholders affiliated with TPG Global, LLC and Silver Lake Management Company), CDW -1.5% (commenced public offering of 10 mln shares of common stock by selling shareholders)