After Hours Summary: PRGS +8%, KBH +3.5% following earnings/guidance, LPCN -53% following FDA panel voteAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RELL +14% (thinly traded), PRGS +8.2%, KBH +3.5%
Companies trading higher in after hours in reaction to news: FNJN +9.5% (Federal Circuit affirms Finjan's patents), MFIN +4.3% (continued strength), EXPE +1.8% (upgraded to Overweight at Morgan Stanley), Z +1.6% (also being attributed to Morgan Stanley upgrade), SGY +1.3% (light volume - announced drilling success at the deep water Mt. Providence development well at Mississippi Canyon Block 28), IGT +1% (ticking higher; to provide systems solutions for Nisqually Red Wind Casino), GBT +0.6% (continued strength)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: LEDS -27% (was up more than 70% today)
Companies trading lower in after hours in reaction to news: LPCN -52.6% (FDA panel voted against approval of Lipocine's Tlando 6-13), NHLD -16.4% (after today's 65% move higher), ORC -5.5% (reduces monthly dividend to $0.11/share from $0.14/share; estimates qtrly GAAP net loss of $0.12 per share including $0.58 per share of realized and unrealized losses on RMBS/derivative instruments), HMNY -4.5% (pulling back following CEO Mitch Lowe appearance on BloombergTV), FTAI -3.7% (commences 7 mln common stock offering), AKAO -3.5% (Baker Bros discloses it has nearly liquidated its passive stake), XL -2.6% (light volume; estimates natural catastrophe net losses of approx $45 million related to the recent wildfires in California and $20 million related to other events; reaffirms previously disclosed aggregate net losses related to Q3 catastrophes), ARDM -2% (ahead of meeting with the FDA Antimicrobial Drugs Advisory Committee tomorrow), ICHR -1.6% (continued weakness), COUP -1.4% (to offer $200 mln convertible senior notes due 2023)