After Hours Summary: OCN +16%, FFIV +5%, TSLA +4%, VMW +4% on earnings/guidance, SCTY +3.3% higher with Tesla... CYH -20%, INFN -11%, GRPN -11%, PPC -8%, RHI -8% on earnings/guidance, hospital names lower with CYHAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: OCN +15.6%, TER +11.7% (light volume), TTMI +9.6%, UCTT +8.3%, CAKE +8.3%, PCMI +8.3% (ticking higher), SFLY +7%, PLNT +5.8%, PTC +5.6%, WDC +5.5%, NOW +5.2% (also Chairman Paul Barber resigns; CEO Frank Slootman selected as replacement), FFIV +5.1%, BWLD +4.6%, BOOT +4.5%, TSLA +4.4%, QTM +4.2%, MB +4.2%, VMW +3.6%, EGHT +3.4%, ATNI +2%, CRY +1.8%, AEM +1.5%, ABX +1.4%, EPE +1.3%, DLB +1.1%, JBT +1.1%, CDE +1%
Companies trading higher in after hours in reaction to news: VNR +13.6% (made the approximate $15 mln semi-annual interest payment on its 7.875% Senior Notes due 2020; entered into limited waiver and amendment to its reserve-based credit facility), GALE +6.7% (shareholders approve amendment to effect a reverse stock split at a ratio of not less than 1 for 2 and not greater than 1 for 20), SCTY +3.3% (on TSLA earnings), AMAG +1.2% (ticking higher; initiated with a Buy at Needham)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CYH -20.2% (reports prelim Q3 results; cites lower than anticipated results caused by lower than expected volume / larger than anticipated reductions to reimbursement; lowers 2016 adj EBITDA guidance), ESND -11.7%, AXTI -11.7%, INFN -11.2%, GRPN -11%, PRXL -10.5% (also approves new $200 mln stock repurchase), CMPR -9.5%, RWLK -9% (also commences an underwritten public offering of units, which consist of ordinary shares of the Company and warrants to purchase ordinary shares), PPC -8%, RHI -7.8%, KRA -7.1%, ARRS -6.9%, NTGR -6.3%, RCII -6%, TRN -5.3%, TILE -4.8%, ORLY -2.9%, MMLP -2.6%, MUR -2.4% (ticking lower), ECHO -2.2%, FISV -2.1%, CMO -1.6% (ticking lower), VAR -1.4% (also announces that Elisha Finney to retire as CFO; Varian Medical and McKesson Specialty Health announce a strategic agreement for the deployment and servicing of Varian advanced radiotherapy equipment and software over a three-year period), NEM -1.1% (also appoints Nancy K. Buese to succeed Laurie Brlas as Executive Vice President and CFO effective October 31), TIS -0.7% (light volume)
Companies trading lower in after hours in reaction to news: TBPH -9.1% (commences public offerings of $100 mln of ordinary shares and $150 mln convertible senior notes due 2023; also files mixed securities shelf offering), AKS -6.9% (commences a registered offering of 65,000,000 shares of its common stock), ABEO -6% (commences common stock offering), THC -2.6% (CYH sympathy), HLX -2.4% (to offer approx. $125 mln of Convertible Senior Notes due 2022), HCA -1% (CYH sympathy; also announces agreement to terminate hospital lease and associated Joint Operating Agreement in Oklahoma)