After Hours Summary: PRGS +3%, PIR -15%, PFIE -9%, BBBY -6%, CMG -4% following earnings/guidance, MSG +9% on spin-off exploration newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PRGS +2.6%, CAMP +0.8%
Companies trading higher in after hours in reaction to news: MSG +8.6% (Board authorized the exploration of possible spin-off that would create a separately-traded public company comprised of its sports businesses), HFWA +2.4% (will replace Kindred Healthcare in the S&P SmallCap 600), WAGE +1.8% (WageWorks and lenders agreed upon an extension - expect will be filed in advance of the June 30, 2018 deadline)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PIR -15.3%, PFIE -8.7%, BBBY -5.7%, CMG -3.8% (at investor day - says Q1 sales trend continued into Q2, ~in-line with estimates)
Companies trading lower in after hours in reaction to news: XON -4.2% (announces proposed offerings of convertible senior notes and common stock ), ZFGN -3.5% (commences an underwritten public offering of its common stock), Z -3.3% / ZG -3.0% (files for Class C Capital Stock and Convertible Senior Notes shelf offering; to commence concurrent underwritten public offerings of $325 mln in shares of its Class C capital stock and $325 mln of convertible senior notes due 2023), LNG -2.9% (attributed to block trade pricing)