After Hours Summary: KNL +12% higher and HNI -16%, INVE -15%, WHR -6.5% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: KNL +12.3%, HMST +3.8% (light volume), CLB +2.6% (light volume)
Companies trading higher in after hours in reaction to news: IPXL +5.1% (received final FDA approval on its Abbreviated ANDA for a generic version of Renvela [sevelamer carbonate] tablets, 800 mg; co has immediately initiated commercialization activities), TNDM +5% (continued strength; also Armistice Capital discloses 4.99% passive stake), SNES +4.1% (continued momentum following 80%+ surge higher), EGO +3.9% (modestly rebounding after 25% decline today), DEST +3.1% (continued strength), ICPT +2.1% (announces positive results from phase 2 AESOP trial evaluating OCA for treatment of patients with primary sclerosing cholangitis - met the primary endpoint), GLW +1.7% (ahead of earnings), AMGN +0.7% (announces top-line results of the Phase 3 A.R.R.O.W. trial met primary endpoint), HBI +0.6% (light volume; initiated after the close with Buy and $29 tgt at Deutsche Bank)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HNI -16.1%, INVE -15%, WHR -6.5%, RMBS -0.7%
Companies trading lower in after hours in reaction to news: IMDZ -15.4% (commences 16 mln common stock offering), CRBP -4.7% (commences common stock offering), QURE -4.2% (commences 5 mln common stock offering), CWH -3.1% (files 6.7 mln share Class A common stock offering by selling stockholders; also provided YTD estimates), AUPH -3% (Robert Duggan disclosed lowered active stake), FRC -2.1% (to sell 2 mln shares of common stock in an underwritten public offering), ALXN -1% (continued weakness), HFC -0.5% (downgraded at Macquarie after the close), GE -0.4% (downgraded after the close to Underperform from Perform at Oppenheimer)