After Hours Summary: INFN +17% higher and IRBT -20%, IPHI -12%, YELP -7%, TTWO / YUMC -5% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RSYS +22.2%, INFN +17.4%, ECHO +12.8% (light volume), IO +12.5%, APPS +11.4%, CFMS +9.5% (ticking higher), PSEC +6.1%, EVHC +6% (also amended its bylaws to extend the deadline for stockholders to nominate candidates for election to the Board), SYNA +4.9%, LLNW +3.7% (light volume), CSRA +3.7%
Companies trading higher in after hours in reaction to news: CRC +7.8% (enters into a midstream joint venture with a portfolio company of Ares Management), GCAP +6% (reports January Retail OTC avg. daily volume +19% y/y and +38% q/q to $11.3 bln), TNH +5% (ticking higher - CF Industries subsidiary to exercise right to purchase all publicly traded units of Terra Nitrogen for $84.033 per unit in cash), MNOV +3.8% (prices 4,419,890 share common stock offering at $9.05 per share), FOLD +2.7% (announces additional positive data in Pompe Disease Phase1/2 Study), CNX +2.5% (CNX Resources will sell its 95% interest in the Shirley-Pennsboro gathering system to CNXM for total cash consideration of $265 million (CNMX) entered into a definitive agreement), CIEN +2.1% (following INFN results), TEGP +2% (evaluating potential reorganization transactions that could among other things streamline and simplify TEP / TEGP structure, improve debt cost of capital and facilitate financing)
Companies trading lower in after hours in reaction to earnings/guidance/SSS: IRBT -20.4%, MRAM -12.4% (also to offer shares of common stock in a public offering), IPHI -12.2%, TTMI -9.6%, LCI -8.3%, COHR -7.1%, YELP -6.8%, TTWO -5%, YUMC -4.9%, ZUMZ -2.2% (Zumiez reports January comps of +6.3vs +9.4% year ago and +7.9% last month; sees Q4 EPS toward high end of $0.88-0.90 prior guidance and $0.89 consensus), ORLY -0.8% (also appoints Greg Johnson as CEO and Jeff Shaw as COO, announces additional $1 bln share repurchase)
Companies trading lower in after hours in reaction to news: GEMP -14.3% (commences common stock offering), VIVE -8.6% (commenced an underwritten public offering of shares of its common stock), APO -2.9% (light volume; CFO disclosed the sale of 15k shares), CADE -2.6% (commences offering of 7 mln shares of Class A common stock), OAK -2.5% (commences offering of 5 mln Class A units), XL -1.4% (after spiking higher in late trade on reports of acquisition interest), DRYS -1.1% (DryShips files for proposed spin-off of 49% of Gas Ships Limited) SAGE -0.8% (commences $575 mln common stock offering and provides corporate update)
