After Hours Summary: PVH +6%, SNX +5% following earnings/guidance, NFLX +1.7% boosted by analyst upgradeAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PVH +5.9% (also announces restructuring for Calvin Klein), SNX +5.3%
Companies trading higher in after hours in reaction to news: CRBP +15.7% (tgt raised to $38 from $36 at Cantor Fitzgerald), ERJ +4.6% / BA +0.4% (Boeing and Embraer announce Brazilian government approval of strategic partnership), OCUL +2.5% (submits supplemental New Drug Application to FDA for DEXTENZA), NFLX +1.7% (upgraded to Buy from Neutral at UBS), BKS +1.6% (modestly rebounding from 16% decline from its holiday sales update), SRPT +1.4% (light volume - mentioned positively on CNBC Fast Money), GLUU +1% (initiated with Overweight at Stephens), CDXS +0.9% (FDA completed safety review of CDX-6114 IND - co may proceed with its clinical trial protocol CDX6114-003), LEN +0.5% (authorized the repurchase of up to $1 bln or 25 mln shares of Class A or Class B common stock)
After Hours Losers:
Companies trading lower in after hours in reaction to sales update: URBN -1.4%
Companies trading lower in after hours in reaction to news: ATVI -6.8% (says Bungie will assume full publishing rights and responsibilities for the Destiny franchise), PCG -4.3% (Moody's downgrades Pacific Gas & Electric to Ba3 and PG&E Corp. to B2; assigns Ba3 CFR; ratings remain on review for downgrade), CGC -2.1% (ongoing volatility - was up 12% on the day)