After Hours Summary: SAH -10%, MRTN +6%, UAL +3.5%, CSX +3% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MRTN +6.1%, UAL +3.5%, CSX +3.2%, MLNX +1.5%
Companies trading higher in after hours in reaction to news: CHRS +15.4% (provides CHMP update for CHS-1701 application), TXT +1.6% (ahead of earnings), NSC +1.5% / UNP +1% (following CSX results), JNJ +0.4% (light volume; Janssen received FDA approval of SYMTUZA - the first and only complete darunavir-based single-tablet regimen for the treatment of HIV-1 infection), AMZN +0.3% (provides Prime Day update - small/medium-sized businesses have exceeded more than $1 bln in sales since yesterday; challenges some customers experienced shopping yesterday have been resolved)
A few airline names are higher following United (UAL) earnings: LUV +1.5%, AAL +1.4%, DAL +1.1%
Uranium names lifting on reports of import probe/potential tariffs: UUUU +18.2%, UEC +9.7%, CCJ +2.2%, URA +0.5%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SAH -9.8% (issues downside Q2 and FY18 EPS guidance due to gross margin pressure in key brands), HCSG -5.6%, TXN -1.7% (sees Q2 EPS and rev just above estimates; Rich Templeton to reassume CEO roles in addition to his current role as Chairman; Brian Crutcher resigned as CEO due to code of conduct violations)
Companies trading lower in after hours in reaction to news: CARA -4.7% (commences proposed offering of 4.5 mln shares of common stock; had ~$132 mln of cash, cash equivalents and marketable securities as of June 30, 2018), CASI -3.6% (files for 17,283,937 share common stock offering by selling stockholders), PAG -3.5% / AN -0.6% / CPRT -0.3%(following SAH guidance), TLYS -2.3% (ticking lower; files for offering of 9.5 mln shares of Class A common stock by selling shareholders), GWRS -1.4% (commences common stock offering)
