After Hours Summary: ILMN +10%, PZZA +8%, FEYE / AAPL / VVV +6%, TEX +3.5%, ALL +2% higher and RSYS -26%, AMC -25% MTSI -21%, COHR / BGFV -14%, ULTI -12.3%, FARO / SPWR -10% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ILMN +10.2%, OMI +9% (light volume), PZZA +7.9% (also authorizes $500 mln increase to its share repurchase program), CORT +7.1%, GNW +6.2% (also merger agreement deadline with China Oceanwide extended to November 30, 2017), FEYE +6.1%, AAPL +6.1%, VVV +5.6%, VNOM +5.4%, FMI +5% (light volume), BOOT +4.9%, HBI +4.6%, GSS +4.5%, LOPE +4.1%, LNTH +4%, DXCM +3.5%, TEX +3.5%, FMC +3.4%, BZH +2.9% (ticking higher), EYES +2.5%, ALL +2.3%, FANG +2%, ZAGG +1.7%, PAYC +1.7%
Companies trading higher in after hours in reaction to news: OGXI +15.4% (Achieve Life Sciences closed previously announced merger with OncoGenex; to commence trading on NASDAQ Capital Market on August 3 under ticker symbol ACHV), CLDX +5.7% and DRYS +4% (continued strength), OCUL +2% (approves strategic restructuring to eliminate a portion of the workforce; appoints Antony Mattessich CEO), DISCA +0.5% (CFO disclosed purchase of 20000 shares worth more than $460K), T +0.3% (won a place on the U.S. General Services Administration's Enterprise Infrastructure Solutions technology purchasing program)
Apple (AAPL) suppliers / related tech names are higher: CRUS +4.2%, SWKS +3.4%, AVGO +2.7%, QRVO +2.7%, ADI +0.7%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RSYS -25.8%, AMC -24.5% (sees Q2 rev below consensus; sees net loss including write-down of NCMI investment; announces restructuring), MTSI -21.4%, COHR -14.2%, BGFV -13.7%, ULTI -12.3%, FARO -9.8%, SPWR -9.6%, NANO -8.2%, PXD -6.9%, UIS -6.3%, MTCH -6.2% (also names Mandy Ginsberg to succeed Greg Blatt as CEO), MRCY -5.9%, TRUP -4.7%, HLF -3.8% (also promotes Dave Pezzullo to Chief Operating Officer), EOG -2.9%, FISV -2.5%, FTR -2.5%, VOYA -1.9% (also discloses entry into Master Agreement for Outsourced Services with Cognizant Technology Solutions), GLUU -1.5%
Companies trading lower in after hours in reaction to news: TNXP -4.1% (discloses entry into Sales Agreement with Cowen and Company to sell shares of its Common Stock having an aggregate offering price of up to $9 mln), WAC -3% (entered into a Restructuring Support Agreement with its senior lenders holding more than 50% of the loans and/or commitments outstanding), RGC -2.8% (following AMC downside guidance), DKS -1.3% (following BGFV results), FSLR -1.3% (SPWR sympathy), COST -0.3% (announces death of co-founder and Chairman of the Board Jeff Brotman)