After Hours Summary: GPS +1.0%, LAKE +0.5%, CPST -14.4%, PFIE -12.3% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: GPS +1.0%, LAKE +0.5%
Companies trading higher in after hours in reaction to news: AERI +39.6% (reported that the FDA has agreed that Aerie may change the primary endpoint range of its second Phase 3 registration trial of Rhopressa), COTY +7.5% (seeing reports that co has acquired beauty product lines from Proctor & Gamble), AYA +6.0% (PointState Capital disclosed 8.76% passive stake in 13G filing), AEHR +3.2% (announced order for ABTS burn-in and test system from mobile chipset manufacturer in China), PBY +1.8% (Glenhill Advisors disclosed 6.2% passive stake in 13G filing), ZINC +1.6% (announced closing of sale of land in Monaca, PA to Shell Chemical Appalachia; financial terms not disclosed), SLF +0.4% (to acquire Bentall Kennedy Group fir $560 mln; to be immediately accretive to earnings and return to equity), NSAM +0.3% (MSD Partners discloses 5.1% passive stake in 13G filing)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: CPST -14.4%, PFIE -12.3%
Companies trading lower in after hours in reaction to news: AAVL -41.3% (announced top-line Phase 2a results for AVA-101 for the treatment of wet age-related macular edema; Study met the primary safety endpoint; efficacy data raised concerns of how effective the drug will be versus standard of care); TAHO -9.7% (announced a secondary offering by Goldcorp (GG) of 58,051,692 common shares of Tahoe at a price of C$17.20 per Common Share), CAPL -6.0% (announced an offering of 4.6 mln shares of common units), KEYW -4.0% (announced that Founder and former Chairman and CEO Leonard Moodispaw has passed away),