After Hours Summary: PI +37.1% on earnings/conclusion of audit investigation news, PVTL -25% and TLRD +11% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PI +37.1% (also completes independent investigation and files form 10Q), TLRD +10.7%
Companies trading higher in after hours in reaction to news: CZR +4.3% (reports that HG Vora has increased its holding to urge the company to explore divestitures options), FLR +1.7% (Fluor Federal Petroleum Operations gains DOE Strategic Petroleum Reserve contract extension; will book the $2 bln contract extension value in Q3 2018), TLRY +1.5% (after closing up 10% on the day), XENE +1.1% (announces proposed public offering of common shares), TEAM +1.6% / NEWR +1.2% / OKTA +0.7% / DATA +0.5% (positive mention on MadMoney), AMD +1% (continued momentum), BGS +0.8% (ticking higher; Hershey Foods to acquire B&G Foods' Pirate Brands for $420 mln; to use proceeds for the repayment of long-term debt and possible acquisitions)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PVTL -25.1%, OXM -3.6%
Companies trading lower in after hours in reaction to news: PGNX -21.2% (reports top line data for Phase 3 study on a prostate cancer visualization agent; co-primary endpoint of sensitivity was not met), SRTS -7.3% (commenced public offering of common stock), DDR -4.9% (light volume; declared Q3 common stock dividend of $0.20 per share vs Q2 common stock dividend of $0.38 per share after giving effect to the one-for-two reverse stock split), FOMX -3.6% (proposed follow-on underwritten public offering of $70 mln of its ordinary shares), HL -2.4% (filed for ~1.87 mln share common stock offering by selling shareholders), GLPG -1.4% (launches $300 mln offering of ordinary shares in the form of ADSs in a U.S. public offering; also MorphoSys [MOR] and Galapagos global license agreement for MOR106 with pharma partner Novartis [NVS] receives U.S. Antitrust Clearance), LGND -1% (Lemelson Capital Management responds to SEC charges), FND -0.7% (announces secondary offering of 10 mln shares by selling stockholders), TSLA -0.4% (Elon Musk tweet suggested potential longer response times expected 'due to a large increase in vehicle delivery volume in North America')