After Hours Summary: PFPT +9.5%, MSFT +6%, PYPL +4.5%, KLAC +3% following earnings/guidance, ALKS +41% on positive trial results... SKX -14.6%, RRGB -7.2%, AMD -5.6% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PFPT +9.5% (also entered into a definitive agreement to acquire FireLayers for ~$55 million), MSFT +5.8%, PYPL +4.5%, APOL +3.2%, KLAC +2.8%, ETFC +2%, SEIC +1.9% (light volume), PBCT +0.5% (light volume)
Companies trading higher in after hours in reaction to news: CERC +52.2% (strength being attributed to Alkermes sympathy; CERC focuses on developing neurological and psychiatric disorders' treatments), ALKS +41.0% (announces positive topline results from FORWARD-5 for major depressive disorder; meets primary endpoint), VRSN +7.1% (discloses amendment to Cooperative Agreement with the U.S. Department of Commerce; amendment to the Registry Agreement with ICANN), PTCT +6.8% (announces that its joint development program in Spinal Muscular Atrophy with Roche and the SMA Foundation initiated a Phase 2 study in pediatric and adult Type 2/3 SMA patients), ALIM +6.6% (ticking higher, amended its $35 mln term loan agreement to provide Limited up to $10 mln in additional financing upon the achievement of certain revenue milestones), RDS.A +1.7% (light volume; Royal Dutch Shell divests non-core shale acreage in Western Canada for total consideration of $1 bln to Tourmaline Oil), SONC +1.4% (increases quarterly dividend to $0.14/share from $0.11/share and also increases its share repurchase program by $40 mln, now up to $195 mln), RCKY +0.9% (continued strength; confirms receipt of an order to produce 'Hot Weather' combat boots for the U.S. Military), GI +0.6% (very thinly traded - GAMCO Investors discloses 5.08% active stake)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SKX -14.6%, RRGB -7.2% (offers light prelim Q3 results, lowers FY16 Adj-EBITDA guidance), AMD -5.6%, ATHN -2.9%, SAM -1.8%, SLB -0.3%
Companies trading lower in after hours in reaction to news: SHLD -7.4% (light volume; WSJ recaps comments from JAKK conference call highlighting concerns over Kmart's finances and has stopped shipments), DXPE -4.2% (commences 2.7 mln common stock offering), MMLP -3.8% (ticking lower; enters into a definitive agreement with NuStar Logistics to sell certain assets located in Corpus Christi, Texas for gross consideration of $107 mln; reduces quarterly dividend), ENDP -2.1% (announces that Suketu Upadhyay, Executive Vice President and CFO, is leaving the co effective November 22), WFM -0.4% (continued weakness despite issuing statement about situation in Detroit store)