After Hours Summary: MAT +6%, AXP +6%, CTXS +5%, URI +5% following earnings/guidance, DRWI +60.6% on Sprint news... SCSS -17%, DXPE -16%, MTW -9%, EBAY -8% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MAT +5.8%, AXP +5.8%, CTXS +5.3%, URI +5.2%, HXL +4.5%, EXPO +3.7% (also has approved an additional $35 million in share repurchases, adding toits existing $22 million available under the current authorization), UMPQ +3.4% (light volume), EWBC +2.1% (light volume), FTI +1.6%, WDFC +1.4%, LRCX +1.3%, KMI +1.2%, HNI +0.7%, FNB +0.6% (ticking higher)
Companies trading higher in after hours in reaction to news: DRWI +60.6% (DragonWave announced Sprint has selected its microwave backhaul equipment for network deployment as part of the company's densification and optimization strategy), IDXG +11.3% (thinly traded; reported today, from the ACG Annual Meeting in Las Vegas, NV, the publication of a study supporting its PanDNA product), AVGR +7.9% (receives expanded indications from the FDA recognizing the Pantheris Lumivascular atherectomy system as a technology that can be used for both therapeutic and diagnostic purposes), COF +0.4% and MA +0.2% (light volume - AXP sympathy)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SCSS -17.1%, DXPE -16.4% (issues downside prelim Q3 sales guidance citing lagging sales during the month of July), MTW -9% (reports prelim Q3 results with upside total sales but double digit decline in orders and backlog), EBAY -8%, BJRI -7.5%, TBI -6.3%, FMSA -2.9% (offers prelim Q3 results, sees higher revs than analyst estimates; commenced an underwritten public offering of 28,000,000 shares of Fairmount Santrol common stock), TSCO -1.9%, CLB -1.6%, PKG -1.6%
Companies trading lower in after hours in reaction to news: ONVO -13.5% (commences an underwritten public offering of its common stock), HQY -2.3% (HealthEquity announces a 2.5 mln share underwritten secondary offering of common stock by stockholders), TPX -1.6% (SCSS sympathy), WFC -0.8% (said to be investigated by the California DOJ over allegations of criminal identity theft, according to the LATimes), RIO -0.5% (light volume - releases third quarter production results with 2016/2017 guidance, also Brazil related weakness following rate cut)