After Hours Summary: OCLR and NFLX +8% following earnings/guidance, Hunter Harrison spec lifting Class 1 rails... RCII -13%, KMI -3%, PLXS -2% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: OCLR +8.2%, NFLX +8.1%, PTC +3.4%
Companies trading higher in after hours in reaction to news: SSH +15% (continued strength), SYN +6% (confirms plans to initiate a Phase 2b/3 adaptive pivotal trial for SYN-010; anticipates initiating this trial by the end of 1Q17), GALT +4.9% (very thinly traded; Richard Uihlein disclosed 7.89% active stake), PSO +2.4% (light volume; modestly rebounding), MNK +2.3% (rebounding in after hours trade after confirming details regarding FTC / Questcor matter; says no impact on Mallinckrodt net sales and will host call tomorrow), LQ +1.7% (pursuing the separation of its businesses into two stand-alone publicly traded companies, which could involve spinning off owned real estate assets as a separate company), MDLZ +1% (to sell most of its grocery business in Australia and New Zealand to Bega Cheese for A$460 mln), SWN +0.9% (upgraded at UBS)
Optical names are higher following Oclaro (OCLR) earnings/guidance: FNSR +2.1%, LITE +1.9%, ACIA +1%, NPTN +0.6%Class 1 rail names are higher after mogul Hunter Harrison confirmed plans to step down as Canadian Pacific CEO and 'pursue opportunities involving other Class 1 Railroads': CSX +10%, NSC +6%, KSU +1.2%
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RCII -12.7% (issues downside guidance), KMI -2.8%, PLXS -2.3%, CP -1.4% (also announces that Keith Creel will become President and CEO of the company effective January 31, 2017 following E. Hunter Harrison's decision to retire)
Companies trading lower in after hours in reaction to news: AMDA -22.6% (to offer and sell common stock and warrants in an underwritten public offering), VNOM -7.3% (commences public offering of 7,000,000 common units representing limited partner interests; reports prelim Q4 operational results/acquisition update), ZYNE -6.9% (commences common stock offering), AAN -4.4% (RCII sympathy), HRTX -3.1% (commenced underwritten public offering of $150 million of shares of its common stock), EPE -2.9% (downgraded to Sell from Neutral at UBS), AA -1.2% (files for 36,311,767 share common stock offering by selling stockholders), HTGC -1% (commences $150 mln offering of its Convertible Senior Notes due 2022)