After Hours Summary: MOBL +16%, FEYE +11%, NVDA +8% higher, while EXPE -19%, ZG -9%, LGF.A -5% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AOI +28.8%, MOBL +16.3%, UIS +15.6%, ROX +15%, FEYE +11.3%, NVDA +8%, ELLI +5.4%, MCFT +4.5%, SKX +3.9%, CTRL +3.2%, NUAN +2.7%, GLUU +2.3%, IMMU +1.9%, COLM +1%
Companies trading higher in after hours in reaction to news: AQXP +1.9% (initiated with a Buy at Guggenheim), UPS +1.8% (increases quarterly dividend), NWL +1.6 (WSJ reporting that Starboard is planning proxy battle), SYMC +1.4% / PANW +1.2% (following FEYE results), RAD +1% (Rite Aid announces progress in sale of assets to Walgreens Boots Alliance), JNJ +0.7% (Johnson & Johnson unit announces new findings from the Phase 3 SPARTAN clinical -- data showed ERLEADA improved median metastasis-free survival by more than two years)
Technology / semi names are rebounding on the heels of NVDA results and QCOM / AVGO news (etfs SMH +1.4%, QQQ +0.7%): QCOM +1.3% (Qualcomm board unanimously rejects revised AVGO proposal), MSFT +1.2%, CY +1%, IBM +0.8%, AMD +1.2%, INTC +0.7%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: EXPE -18.9%, ZG -9.2%, LGF.A -5.1%, ASYS -4.2%, CBL -3.8%, VCRA -3.6%, SWIR -3.6%, AQ -2.3%, VSAT -1.1%
Companies trading lower in after hours in reaction to news: WWD -10.2% (pulling back after the co says not in discussions with Boeing over a possible acquisition of Woodward), MGEN -5.8% (prices 7 mln share common stock offering at $5.50 per share), CEMI -3.9% (commences underwritten registered public offering of common stock, won a three-year tender from the Ethiopia Pharmaceuticals Fund and Supply Agency to deliver its HIV 1/2 STAT-PAK Assay with total contract value of $15.8 mln; sees 2017 revs $23.7-24 mln vs $23.8 mln est), PACB -1.2% ( receives unfavorable outcome in first phase of patent litigation against Oxford Nanopore), TEVA -0.5% (S&P downgraded Teva Pharmaceutical Industries Ltd. to 'BB' on continued challenges to business)
Expedia (EXPE) earnings is weighing on OTA names: TRIP -2.6%, PCLN -2.6%, CTRP -0.7%