After Hours Summary: QCOM rebounding on anticipated 'vigorous contest' to FTC... GIMO -22%, CCJ -8%, CSX -4%, IBKR -3%, UAL -1.5% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CVRS +18% (very thinly traded), SHLO +11%, OGS +0.2% (offers upside FY17 guidance, updates five-year growth forecast; increases quarterly dividend)
Companies trading higher in after hours in reaction to news: NXST +0.8% (Nexstar announces completion of Media General acquisition and related divestitures; increases its pro-forma average annual free cash flow guidance for the 2016/2017 cycle to approx. $565 mln vs prior guidance of $540 mln), QCOM +0.3% (says will 'vigorously contest' FTC complaint)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: GIMO -21.9%, CCJ -8.1% (expects adjusted net earnings for 2016 will be significantly lower than analysts' earnings estimates; announces workforce reductions), CSX -3.9%, IBKR -2.7%, UAL -1.5% BGFV -1.2% (light volume)
Companies trading lower in after hours in reaction to news: BCEI -6.7% (modestly pulling back), AFAM -5.8% (proposed offering of 2,500,000 shares of common stock), TDOC -5.2% (proposed offering of common stock - includes 5,400,000 by Teladoc and 1,850,000 by stockholders), NBIX -3.9% (announces top-line results from the Phase II T-Forward study of INGREZZA - pre-specified primary endpoint was notmet), TRCH -3.2% (files for 6.15 mln share common stock offering by selling shareholders), KOPN -2.4% (modestly pulling back from new multi-year high made today; discloses was unable to complete its investigation and has submitted a plan to regain compliance with Nasdaq), TTPH -1.9% (entered into a Controlled Equity Offering sales agreement with Cantor to sell up to $40 mln in common stock), VIAV -1.1% (GIMO sympathy)
Airline names are lower following United Continental (UAL) earnings: LUV -0.5%, AAL -0.3%, HA -0.3%, ALK -0.3%, DAL -0.1%