After Hours Summary: INTC +10.8% after naming Lip-Bu Tan as CEO; ADBE -3.7%, PATH -16.6%, S -13.4%, AEO -5.4% lower on earnings; ATEN -10.6% lower on convertible offering
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RAIL +13.8%, BRY +7.4%, CVGW +5.6%, ASTL +0.4%
Companies trading higher in after hours in reaction to news: INTC +10.8% (names Lip-Bu Tan as CEO), ACNT +2.8% (to sell substantially all the assets of Bristol Metals), NABL +2.2% (authorizes new $75 mln share repurchase program), MUR +2.2% (to acquire the BW Pioneer FPSO vessel from BW Offshore), ATYR +2.2% (announces publication of data), AIR +1.8% (announces multi-year agreement with Cebu Pacific Air), BBW +1.4% (increases dividend), CHDN +1.4% (authorizes new $500 mln share repurchase program), HHH +0.1% (extends standstill agreement with Pershing Square), CE +0.1% (announces price increases)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PATH -16.6% (also acquires Peak), S -13.4%, BTMD -8.6%, NN -7.6%, AEO -5.4% (also increases share buyback authorization by 50 mln shares), ADBE -3.7%, PHR -1.5%, ANIK -1.5%, LOGC -1% (also continues to evaluate potential strategic opportunities), CCI -0.9%
Companies trading lower in after hours in reaction to news: ATEN -10.6% ($200 mln convertible offering), TARS -3.2% ($100 mln stock offering), ITGR -1.3% (launches $750 mln convertible offering), AHH -1.1% (decreases dividend), O -0.7% (increases dividend), TTD -0.4% (names new COO), MRVL -0.2% (files mixed securities shelf offering), MCB -0.2% (authorizes new $50 mln share repurchase program)