After Hours Summary: LZB +13%, RHT +10%, ADBE +4%, FDX +1% following earnings/guidance, CA +14% on potential M&A deal, GIGA +17% on earnings/strategic alternatives news... Argentina ADRs lower on MSCI newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: GIGA +17% (also announces executive leadership changes and Board's review of strategic alternatives), LZB +13.2% (also increases share purchase authorization), RHT +10%, ADBE +3.7%, KFY +1.4%, FDX +1.1%
Companies trading higher in after hours in reaction to news: CA +14% (CA Tech indicated higher on reports that the company and BMC Software are in M&A related talks), DRAM +12.9% and INWK +9.2% (light volume; still checking), MDR +4% (will replace Medidata in S&P SmallCap 600), VCEL +1.9% (initiated with Buy and $6 tgt at BTIG), NVO +1.3% (confirms received positive vote from FDA Advisory Committee for Victoza; regulatory feedback in the US is expected in Q3 2017), UPS +1.2% (following FDX earnings/guidance)
After Hours Losers:
Companies trading lower in after hours in reaction to news: SGMO -6.7% (commences public offering of shares of its common stock), PSTI -5.3% (previously announced proposed investment plan of $30,000,000 by Innova was terminated), TDOC -2% (to offer $200 million aggregate principal amount of Convertible Senior Notes due 2022 in a private offering)
Argentina ADRs/related names are lower following MSCI news to delay decision on reclassification of MSCI Argentina Index: YPF -10.2%, EDN -10%, BFR -7.1%, GGAL -7%, CRESY -6.5%, PAM -4.4%, TGS -1.5%, TEO -1.3%