After Hours Summary: RH +16%, OLED +12%, AAOI +12% higher following earnings/guidance, INCY +4% on S&P500 addition news... ACIA -16%, ZOES -10%, HPE -6.5%, SPLK -6% following earnings/guidance, optical names lower with ACIAAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: RH +15.5% (guides Q4 EPS and revenues above consensus; authorizes a $300 mln common share repurchase program), OLED +12.4%, AAOI +11.6%, MTZ +9.3%, INWK +5.1%, SB +3.6%, JWN +3.1%, PACD +3.1%, BJRI +2.5%, EBS +2.4%, DYN +2.4%, STMP +2%, AL +1.9%, MELI +1.8%, BIDU +1.1%, HLF +1% (also plans to form a JV w/ Tasly Holding Group)
Companies trading higher in after hours in reaction to news: AXDX +29.3% (FDA allows marketing of the PhenoTest BC Kit, performed on the Pheno System), INCY +4.1% (to join S&P 500), CXW +3.7% and GEO +1.3% (DOJ memo indicated a reversal in prior decision that would have phased out private prisons), NUS +3% (will replace Equity One in the S&P MidCap 400), CONE +2.8% (will replace CLARCOR in the S&P MidCap 400), BATS +2.2% / CBOE +0.7% (higher following S&P index change announcement - CBOE to join S&P 500 after acquiring BATS)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ACIA -16.4%, ZOES -10%, ACHC -8.9%, ALDR -8.7%, HPE -6.5%, SPLK -6.3%, BGS -6.2%, CECO -5.7%, ASPN -5.1%, BNFT -4.8%, NCMI -3.5%, ACHN -3.5%, LGND -3.2%, PEGA -2.2%, IMAX -2.1% (light volume), CENX -2.1%, SWN -1.8%, NVRO -1.3%
Companies trading lower in after hours in reaction to news: NAO -12.2% (commences public offering), HCLP -6.6% (acquires Permian Basin Sand facility and remaining interest in Augusta facility for a total consideration of $415 mln; commences a primary public offering of 20,500,000 common units representing limited partnership interests in the Partnership), PFGC -3.1% (commences 10 mln common stock offering by selling stockholders), NVLS -2.4% (announces its Phase 2 trial evaluating cavosonstat at a dose of 400 mg in adult patients with CF who were being treated w/ Kalydeco did not meet its primary endpoint), NVDA -1.8% (continued weakness), CELG -1.2% (President and COO to retire effective June 30, 2017; co has promoted Scott Smith to President and COO)
Optical stocks lower following Acacia Communications (ACIA) earnings/guidance: IIVI -3.7%, OCLR -1.2%, IPHI -0.9%, LITE -0.9%, INFN -0.7%, NPTN -0.5%