After Hours Summary: PI +24%, CGNX -14%, GOOG -7%, WDC -5% among notable earnings/guidance movers, WAGE +25% on M&A speculationAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PI +24%, SANM +10.4%, CURO +10.3%, WWD +7%, THC +3.4%, CLR +3.1%, AKS +2.8%, YUMC +2.8%, VRNS +2.6%, TNET +2%
Companies trading higher in after hours in reaction to news: WAGE +24.9% (higher on Reuters report of HealthEquity [HQY] bid), GTHX +21.6% (provided a regulatory update on trilaciclib; plans to submit marketing applications in the U.S. and Europe for trilaciclib for myelopreservation in small cell lung cancer), NPTN +5.4% (initiated with Buy at MKM Partners), ARNC +2.2% (ahead of earnings tomorrow before the open), PNNT +1.3% (ticking higher; initiated with Outperform at Raymond James), HON +0.6% (authorizes the repurchase up to $10 bln of common stock - including ~$2.3 bln of remaining availability under its previously announced $8 bln share repurchase authorization)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CGNX -14.4%, HLIT -10.5%, IIN -10% (also appoints CFO Scott Longval to additional role of COO; elects Philip Smith as Chairman of the Board), GHL -7.5% (light volume), GOOG -7.1%, TXRH -7.1%, WDC -5%, CHGG -4.8%, NBIX -4.8%, ETH -3.1% (light volume), MGM -3.1%, LEG -1.6% (light volume)
Companies trading lower in after hours in reaction to news: MBIO -9.6% (announces proposed public offering of common stock; size not disclosed), PRGO -6.2% (received revised Notice of Proposed Adjustment from the IRS team auditing Athena Neurosciences), HQY -4% (under pressure after Reuters reported the company made WageWorks bid), MGTA -2.9% (files for 4.25 mln share common stock offering ), ADC -1.9% (announces public offering of 2.75 mln shares of common stock in connection with forward sale agreements), RGEN -1.7% (announces public offering of $175 mln in shares of its common stock), THO -0.7% (files for 2,256,492 share common stock offering by selling shareholders), MU -0.5% (WDC earnings/guidance sympathy)
Google (GOOG / GOOGL) earnings/guidance is weighing on FAANG names: AAPL -0.7%, AMZN -0.5%, FB -0.4%, NFLX -0.2%