After Hours Summary: NFLX +20%, TACO +8% following earnings/guidance, CXW +5.6% lifting after contract and guidance updates, SEE +1% on spin-off news... IBM -3% following earnings/guidance, V -1.4% CEO succession planAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NFLX +19.9%, TACO +8%, CXW +5.6% (announced that ICE amended contract with lower fixed payment/extension at the South Texas Family Residential Center; guides Q3 FFO in-line, FY16 light with FY17 above estimates), CE +3.8% (also announced to acquire Italy based SO.F.TER; terms not disclosed), GIG +1.5%
Companies trading higher in after hours in reaction to news: TWMC +16% (thinly traded and ticking higher -- to acquire digital marketplace retail company etailz for approx $75 mln in cash and stock; to be accretive in first full fiscal year), RECN +8.9% (intends to commence a modified 'Dutch auction' tender offer to purchase up to approximately 6 mln shares of its common stock at a price per share not greater than $16.00 nor less than $13.50), SPLS +2.3% (Staples higher in after hours following UK Telegraph story suggesting Cerberus may purchase its UK retail stores), SEE +1% (Sealed Air to pursue spin-off of Diversey Care and related hygiene business; reached a mutual agreement to end the existing business relating to Sealed Air's distribution of SCJ branded products), DEPO +0.8% (DepoMed and Starboard announce settlement agreement; Depomed Board to include three new independent directors, Starboard to withdraw request for Special Meeting), GEO +0.8% (CXW sympathy), AMZN +0.7% (higher with NFLX/tech names; also announced Cloud now available to customers from data centers in Ohio), SCTY +0.5% (has created a new fund to finance more than $300 mln in solar projects with Credit Suisse)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BMI -6.5% (light volume), IBM -3.1%, CPSS -1%
Companies trading lower in after hours in reaction to news: NKTR -4.3% (announces a $175 mln underwritten public offering of common stock), V -1.4% (Visa CEO Charlie Scharf resigns effective December 1; co has appointed former American Express President Alfred Kelly, Jr. as CEO), JNJ -0.4% (Pfizer to begin shipment of INFLECTRA for injection, a biosimilar of Janssen's Remicade to wholesalers in the U.S. in late November), FBHS -0.2% (light volume; downgraded to Sector Weight from Overweight at KeyBanc)