After Hours Summary: MANH / RRC +5%, TER +4% are higher, while NDLS -14%, MKSI -10%, IRBT -8%, TXN -6%, EW -3% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MANH +5%, RRC +4.7%, TER +4%, TSS +2.1%, NAVI +2% (light volume), COF +1.3%
Companies trading higher in after hours in reaction to news: CMTA +30.6% (plans to submit New Drug Application for palovarotene for the treatment of FOP based on positive phase 2 results), LIQT +13.6% (schedules investor update call on tomorrow October 24 at 10am ET), SM +3.2% (upgraded to Outperform at Wells Fargo), CMP +2% (following today's 20% move lower on guidance), AKRX +1.9% (to join S&P SmallCap 600; Resideo Technologies will replace Akorn in the S&P MidCap 400), WPG +1.6% (higher on light volume after confirming it continues to see strong demand from big box retailers), KMX +1.3% (approves $2 bln expansion of share repurchase program), HON +1.2% (Honeywell spin-off Resideo Technologies will replace Akorn in the S&P MidCap 400)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NDLS -14.4% (also announces launch of secondary offering of 8.75 mln shares of its Class A common stock by selling stockholders), MKSI -9.7%, IRBT -7.9%, TXN -6%, EW -2.8%, AI -1.6% (ticking lower; also evaluating possible long-term tax structures, including being taxed as REIT as early as Jan 1, 2019), ILMN -1%
Companies trading lower in after hours in reaction to news: IGC -5.5% (ongoing volatility), LOVE -3.8% (files 2.0 mln share common stock offering by selling stockholders), BGFV -3.4% (Akorn will replace Big 5 Sporting Goods in the S&P SmallCap 600), VRRM -3.3% (files for offering of 146,381,878 shares of Class A Common Stock and 6,666,666 warrants to purchase Class A Common Stock by holders), QEP -1.7% (ticking lower; downgraded to Market Perform at Wells Fargo)
Semiconductor names are lower following Texas Instruments (TXN) and MKS (MKSI) earnings results (ETFs SMH -1.6%, SOXX -1.4%): ADI -3.2%, ON -3.2%, NXPI -2.7%, CY -2.5%, AMD -1.6%, XLNX -1.1%, MU -1%, NVDA -1%![]()