After Hours Summary: REZI -27%, IRBT -19%, TXN -10%, MANH +7%, TER +6% among notable earnings/guidance movers, HNGR +12% on S&P SmallCap 600 addition newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MANH +7.1%, TER +5.8%, USNA +3.3% (light volume)
Companies trading higher in after hours in reaction to news: HNGR +11.6% (to join S&P SmallCap 600, effective prior to the open on October 28), MRNA +4% (receives FDA Fast Track designation for mRNA-3927), BIIB +1.9% (continued strength; also updates on legal matters in 10-Q, has participated in preliminary discussions with the government regarding potential resolution of aspects of inquiry into the company's relationship with non-profit organizations), HAS +0.7% (following today's sharp earnings related decline; CEO interviewed on CNBC MadMoney after the close), NKE +0.4% (NIKE announces CEO succession plan; John Donahoe to be appointed as CEO, effective January 13, 2020)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: REZI -27.1% (reports prelim Q3 revenues below consensus and lowers FY19 adj EBITDA guidance; has begun a comprehensive operational and financial review; names Robert Ryder as interim CFO), IRBT -19.0%, TXN -10%, NOW -8.9% (CEO leaving for Nike - co appoints Bill McDermott as new CEO; provides preliminary Q3 results and FY19 financial outlook), HA -6.5%, SIX -5.7%, WHR -4.7%, BYD -3.7%, SKX -3.3%, CMG -2.1%, SNAP -1.4%
Companies trading lower in after hours in reaction to news: MGNX -16.1% (reports top line results from second interim overall survival analysis for Phase 3 SOPHIA study of margetuximab), OPK -9.8% (announces proposed public offering of up to $100 mln of shares of its common stock), UNFI -3.9% (after closing the day up 7%), NMFC -2.6% (commences underwritten offering of 8 mln shares of common stock), FUN -1% (following SIX earnings and commentary), CRM -1.6% / TWLO -1.6% / WDAY -1.1% (lower with NOW)
Texas Instruments (TXN) leading chip stocks lower after missing Q3 estimates and guiding down Q4 (ETFs SMH -2.4%, SOXX -2.3%): MXIM -4.4%, ON -4.3%, MCHP -4%, ADI -3.6%, STM -2.7%, SWKS -2.5%, XLNX -2.5%, AVGO -2.2%, NVDA -2.2%, AMAT -2%, TSM -1.9%, MRVL -1.8%, INTC -1.7%, MU -1.7%, QCOM -1.6%, AMD -1.5%, LRCX -1.3%