After Hours Summary: GRPN +24%, CRUS +15%, MRVL +9%, FB +4.5% on earnings/guidance, ALR +21% recouping late subpoena-related losses... INFN -31.5%, RRTS -17.5%, TER -8%, WFM -5% on earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PCMI +26% (light volume), OCN +25%, GRPN +23.8%, QTM +15.4%, CRUS +14.6%, LLNW +11.8%, MRVL +9.2%, PEIX +8.4%, MKSI +8.3%, AXTI +7.9%, ARRS +7.2%, NTGR +6.7%, VNR +6.1%, LM +6% (ticking higher), FB +4.5%, MMSI +3%, CDE +3%, PXD +2.5%, FOE +2% (also ends review of strategic alternatives, adds $25 mln to repurchase program), BKCC +2%, O +2%, ABCO +1.8%, CAKE +1.5% (also raises dividend by 20%, increases share repurchase authorization by 7.5 mln shares), MUR +1.3%, LRCX +1.1%, ESV +1%, GPRO +0.7%
Companies trading higher in after hours in reaction to news: ALR +20.8% (rebounding from late move lower on reports of DoJ subpoena - co has since confirmed receipt of a DOJ subpoena addressed to Alere Toxicology Services, Inc. on July 1), EVOK +15.1% (Intracoastal Capital discloses 6.4% passive stake), KITE +1.9% (enters into an exclusive, worldwide license with the NIH for intellectual property related to a fully human anti-CD19 chimeric antigen receptor-based product candidate directed against B-cell malignancies), BMRN +1.9% (BioMarin Pharm confirms FDA accepted its BLA for Cerliponase Alfa for CLN2 disease, form of batten disease; PDUFA action date is January 27 2017), BID +1.7% (ticking higher; Taikang Life Insurance discloses 13.52% active stake), MA +0.7% (MasterCard and PayPal announce a multi-year extension of the PayPal Extras Mastercard co-branded consumer credit card program in the U.S. and Puerto Rico)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: INFN -31.5%, RRTS -17.5%, RCII -14.4%, WSTL -11.3% (preliminary consolidated revenue for 1Q17 of $14.8 mln vs Cap IQ Consensus of $21.03 mln; announces plans to to reduce annual expenses by ~$11.0 mln), KONA -9.8%, MMLP -8.4%, ECHO -8.2%, TER -7.8%, SCKT -7.5% (thinly traded), DLB -6.2%, INT -5.6%, (also corrects previously reported financials due to accounting of taxes), WFM -5.2%, WLL -5.2%, SPRT -5.2%, ORC -5.1%, NATI -4.9% (light volume), IAC -4.7% (ticking lower), NOW -4.5%, ELY -4.1%, GG -4.1%, MCK -4%, KRA -3.4%, WFT -2.6%, CBI -2.3%, VRTX -2.1%, CA -1.6% (ticking lower; also CFO news), MAR -1.5%, ORLY -1.1%, KGC -1%, TYL -0.9%, AMGN -0.8%, AGNC -0.8% (also decreases monthly dividend to $0.18/share from $0.20/share), HOLX -0.8%, NE -0.7%, ABX -0.7%
Companies trading lower in after hours in reaction to news: ARGS -17.6% (provides corporate update in conjunction with proposed offering of common stock and warrants), IVTY -11.2% (announces proposed public offering of common stock; details not disclosed), CIEN -10.2% (INFN sympathy), EXAS -4% (to sell 7 mln shares of common stock in an underwritten public offering), RGLS -2% (Regulus Therapeutics announces that, as anticipated, it received written communication from the FDA outlining information required to resolve the clinical hold for its IND for RG-101), AA -0.7% (announces plan for 1-for-3 reverse stock split)