After Hours Summary: SBUX / COST -3%, ADBE -1.4% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to news: SGMS +5% (reaches settlement in litigation with Shuffle Tech International), MDRX +1.7% (CEO disclosed the purchase of ~25K shares and Director bought 12K shares), REGN +1.2% (upgraded to Buy and added to Conviction Buy list at Goldman), ESRX +1% (continued strength after California approved CI / ESRX merger; also the cos disclosed that NY determined that a previously noticed hearing in that State was not required and issued its approval of the transaction), RH +0.9% (elected to no longer explore the previously announced $300 million convertible notes offering), PG +0.7% (upgraded to Overweight from Equal-Weight at Morgan Stanley), WM +0.4% (ticking higher - to increase quarterly dividend rate for 2019 to $0.5125 per share from $0.465 per share; authorizes new repurchase plan of $1.5 billion)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SBUX -3.1% (outlines growth agenda and reiterated its FY19 targets -- Investor Day is today), COST -3.2%, ADBE -1.4%
Companies trading lower in after hours in reaction to news: YECO -24.2% (Nasdaq will be suspend ord shares trading tomorrow - co expects to be quoted on OTC market under YECO), AXON -5.3% (licenses exclusive worldwide rights for GMA gangliosidosis and GM2 gangliosidosis from the University of Massachusetts Medical School; commences underwritten public offering of common shares), SHOP -3.6% (files preliminary prospectus supplement to its short form base shelf prospectus dated August 3, 2018), LNT -1.7% (appoints John Larsen as the new COO; announces public offering of $326 mln of shares of common stock)