After Hours Summary: SCS +16%, PIR -17%, UNFI -11%, MU -8% following earnings/guidance, most semi/chip names are pulling backAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SCS +16.4%
Companies trading higher in after hours in reaction to news: NBEV +8.3% (continued strength after closing up 80% on the day), ADVM +5.2% / KALV +2.8% / CARA +1.3% (initiated with Overweight at Cantor Fitzgerald), HLIT +2.9% (initiated with Buy at Loop Capital), ADT +2.6% (continued strength), ACAD +2% (confirms FDA issues statement reaffirming the positive benefit-risk profile of NUPLAZID for patients with Parksinon's disease psychosis), SONO +1.3% (after initially seeing continued weakness on Amazon product news, shares are higher on CNBC mention it could be M&A target), TXN +1% (raises quarterly dividend to $0.77/share from $0.62/share; authorizes repurchase of additional $12 bln of common stock), MRK +0.5% (receives positive CHMP opinion for DELSTRIGO and PIFELTRO in the EU for the treatment of HIV-1 infection), RDS.A +0.3% (ticking higher; Royal Dutch Shell may sell Gulf of Mexico assets to Focus Oil, according to Bloomberg sources)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PIR -17.1% (provides prelim Q2 guidance), UNFI -10.8%, MU -7.8%
Companies trading lower in after hours in reaction to news: MDXG -8.1% (determined previously announced separations of four senior executives will be treated as terminations 'for cause'), WMC -4.5% (announces public offering of 6.5 mln shares of common stock), TLRY -3% (ongoing volatility), SJT -1.7% (late volatility follows release of Hilcorp's revised 2018 capital expenditures plan; now estimates Q4 CapEx of $662k), VRTV -1.6% (proposed underwritten secondary offering of 1.5 mln shares of common stock by selling stockholders)
Semi/chip names are lower following Micron (MU) guidance sell-off: WDC -1.8%, AMAT -1%, LRCX -0.8%, INTC -0.6%, AMD -0.4%, CY -0.3%, etf - SMH -0.2%