After Hours Summary: NWY +24%, AMAT +6%, MENT +6% following earnings/guidance, CXW +7% / GEO +5% modestly rebounding... GPS -2.4% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NWY +24.4%, CSPI +18.1%, AMAT +6%, MENT +5.6%, ROST +3%, CRMT +2.8% (ticking higher), SPWH +1%
Companies trading higher in after hours in reaction to news: SHLM +12.6% (Chairman Joseph Gingo has been named CEO and president, effective immediately; to initiate comprehensive review of business plan and global end markets in light of fiscal 2016 performance), CXW +6.9% (rebounding following 35% decline; co commented on Inspector General's report - findings simply don't match up to the numerous independent studies), RH +5.8% (following upgrade/Conviction Buy list addition at Goldman), GEO +5.4% (rebounding after closing 40% lower on the day; released statement after the close and will host conference call Friday at 11am ET), EMMS +2.5% (thinly traded - receives non-binding proposal to be acquired for $4.10/share in cash), SQ +1.5% (Point72 Asset Management discloses increased 5.4% passive stake), PNR +1.1% (Emerson to acquire Pentair's Valves & Controls business for $3.15 bln), VIAB +1.1% (Reuters reporting that Viacom Board plans to meet tonight to discuss potential settlement with Redstone's National Amusements), TRN +1.1% (Trinity Industries receives confirmation from the U.S. Attorney for the District of Massachusetts that it has closed its investigation into the Company's ET 2000 and ET Plus guardrail end-terminal products without taking enforcement action), EW +0.5% (extending afternoon gains following FDA approval news), CREE +0.5% (light volume; Director disclosed purchase of 5855 shares, worth total of $116.7K)
Applied Materials (AMAT) peers trading higher in sympathy: LRCX +1%, KLAC +0.5%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CCIH -12.4% (light volume), GPS -2.4%
Companies trading lower in after hours in reaction to news: FXCM -5.1% (CFTC charges Forex Capital Markets, LLC with undercapitalization, failing to timely report undercapitalization violation, and guaranteeing against customer losses), ENDP -1.1% (President and CEO Rajiv De Silva enters into a Rule 10b5-1 stock trading plan in connection with his year-end tax planning; will sell up to 13,500 co shares in September 2016), BLDP -0.5% (Ballard Power announced that a $28.3 mln strategic equity investment made by Zhongshan Broad-Ocean Motor; enters strategic collaboration framework agreement), TWLO -0.4% (continued weakness after today's 8% decline and closing near lows)