After Hours Summary: NKE -6%, RHT -3.6%, KKD -6% following earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: LUNA +12%, PIRS +11.7%, XONE +7.1%, SCS +6.3%, CTAS +1.2%
Companies trading higher in after hours in reaction to news: AFFX +3.3% (Origin Technologies submits revised proposal to the Affymetrix Board, increasing the value of its all-cash offer for Affymetrix to $17/share), PETX+2.9% (files for second FDA approval of Entyce for appetite stimulation in dogs), IONS +2.8% (favorable patent ruling with Merck against Gilead), DF +2.7% (does not expect Wal-Mart building a dairy processing plant in Indiana to have a material impact on its financial results), VSTM +2% (announces the presentation of data supporting the initiation of a Phase 1/1b clinical trial of the combination of VS-6063 and avelumabin collaboration with Pfizer and Merck KGaA)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: KKD -6.3%, NKE -6%, FIVE -4.5%, RHT -3.6%
Companies trading lower in after hours in reaction to news: INSY -4.7% (FDA has extended PDUFA action date for Syndros from April 1, 2016 until July 1, 2016), SHLX -4.2% (commences an underwritten public offering of 8.5 mln common units representing limited partner interests), GILD -2.1% (Federal Judge upholds validity of two Merck patents for its Hepatitis C treatment), LINE -1.7% (commenced an offer to exchange each outstanding unit of LINN Energy for one LinnCo share), MIK -1.4% (announces secondary offering of 17 mln common shares by selling shareholders)