After Hours Summary: SANM +11.4%, CNI +3.1%, BSX +2.3%, IBM -5.0%, HXL -2.7%, WERN -1.1% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: SANM +11.4%, CNI +3.1%, BSX +2.3%, HLX +1.8%, MDCA +1.1%, CCK +0.9%, STLD +0.6%, WWD +0.6%
Companies trading higher in after hours in reaction to news: FNF +4.5% (increased quarterly dividend to $0.21 from $0.19/share; approved new FNF Group three-year stock repurchase program), CNX +2.0% (Southeastern Asset Management discloses 21.1% active stake in 13D filing), MDCA +1.1% (announced that Miles S. Nadal has retired as CEO and Chairman of the Board; Scott L. Kauffman named Chairman and CEO; Michael Sabatino, formerly Chief Accounting Officer, has resigned; co also reaffirmed FY15 guidance), PVA +0.8% (co's CEO and President Baird Whitehead announced his retirement; Board has retained recruiting firm to find replacement)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: IBM -5.0%, HXL -2.7%, WERN -1.1%, RMBS -0.7%, FIBK -0.1%
Companies trading lower in after hours in reaction to news: CYTR -15.3% (announced public offering of its common stock; size not disclosed), RNO -5.6% (announced suspension of Q2 distribution), EXAS -5.1% (to sell 7 mln shares of common stock in an underwritten public offering), UNFI -4.9% (announced that its contract as a distributor to Albertsons will terminate on September 20, 2015, rather than upon the original contract end date of July 31, 2016), SHAK -4.2% (filed for 4 mln share common stock offering by selling shareholders), ADPT -1.5% (filed for offering of common stock, size not disclosed)