After Hours Summary: RECN +19%, HPQ +2.3% are higher, while RTEC -12% and SNX -7% are lower following earnings/guidance; HDP +24% / CLDR +22% on merger newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RECN +18.7%, HPQ +2.3% (sees FY19 EPS in-line, announces 15% dividend increase)
Companies trading higher in after hours in reaction to news: HDP +23.9% / CLDR +22.1% (to combine in an all-stock merger; HDP shareholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned), BKS +21.6% (announces strategic alternatives process), BLRX +8.2% (continued strength), EGLE +1.8% (initiated with Buy at B. Riley FBR), CMG +0.5% (initiated with Overweight rating at KeyBanc Capital Mkts)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RTEC -11.9% (lowers Q3 guidance due to expansion delays from front-end metrology customers), SNX -6.9%, PIR -5.8%, ATRC -3.5% (commenced offering of 2.5 mln shares of common stock and reported prelim Q3 sales above consensus)
Companies trading lower in after hours in reaction to news: TLRY -5.8% (commences $400 mln private placement of Convertible Senior Notes due 2023), MNR -5.3% (commences public offering of 8.0 mln shares of common stock), SRPT -5% (pulling back after reporting updated results from the four children dosed in its gene therapy micro-Dystrophi trial in individuals with Duchenne muscular dystrophy), IIPR -4.5% (commences public offering of 2.0 mln shares of common stock), WLDN -4% (light volume; Willdan Group to acquire Lime Energy [LIME] for $120 mln in cash or approx 10x Lime's estimate of EBITDA for 2018; also announces follow-on offering)