After Hours Summary: SMCI +11%, VCRA +11%, CRUS +7%, LOGM +7%, SYK +2.5%, GOOG +1.3% following earnings/guidance, BHI +7.2% on GE talks... MCK -12%, SYNA -11%, CENX -11%, AMZN -5.9%, BIDU -1.4%, AMGN -1.1% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DAIO +19.1%, SMCI +10.9%, VCRA +10.9% (also acquires Extension Healthcare for approximately $55 million in an all-cash transaction), AMCC +10.3%, GIMO +9.8% (also announces that Mr. Rex S. Jackson is joining the company as CFO effective today), OSIS +9.4%, CRUS +6.7%, LOGM +6.7% (also declares special cash dividend of $0.50/share), GSB +6.4%, NSIT +5.6%, HBI +5.4%, ACTG +4.7%, NGD +4.5%, CYTK +4.2%, CBI +3.9%, SHOR +3.7%, PXLW +3.1%, CY +2.8%, CLD +2.6%, SYK +2.5%, ENVA +2.2%, DECK +2%, EMN +2%, NGD +1.9% (also entered into an earn-in agreement with Rimfire Pacific Mining), SKYW +1.9%, IART +1.8% (also recommends increase in the number of authorized shares and two-for-one stock split), FTNT +1.8%, POWI +1.6%, EXPE +1.6%, AZPN +1.5% (also acquires Mtelligence Corporation for $37 million), GOOG +1.3%, SGEN +1.1%, HIG +1% (ticking higher; also announces new buyback and raises dividend 10%)
Companies trading higher in after hours in reaction to news: BHI +7.2% (higher in after hours on reports of General Electric acquisition talks), BBU +5.1% (thinly traded; to acquire a 70% controlling stake in Odebrecht Ambiental for $768 mln), WFT +3% and SLB +0.5% (higher with BHI), AERI +2% (reports its Rocket 4 Phase 3 clinical trial of Rhopressa achieves Primary Efficacy Endpoint; separately has withdrawn the Rhopressa NDA), FHN +0.7% (light volume - to acquire Coastal Securities for an undisclosed amount; transaction is expected to be immediately accretive to co's EPS)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SNMX -39.6% (also notes that PepsiCo will not be proceeding with launch of reformulated Mug Root Beer containing Sweetmyx), YRCW -18%, CEMP -13.8%, MCK -12.4%, SYNA -11.4%, CENX -11%, NSR -11%, ATEN -9.9% (also Board authorizes a $20 mln share repurchase program), TDOC -8.1%, MLNX -7.1%, KONA -7%, ARAY -6.5%, ASGN -6.2%, AMZN -5.9%, EHTH -5.8% (announces the outcome of its 100-day strategic review process; plans to migrate and focus its business activities on the Medicare and small business insurance markets), BOFI -5.1%, BGS -3.9%, LITE -3.6%, MOH -2.9%, TLGT -2.3%, OII -2.2%, BIDU -1.4%, AMGN -1.1%, AUY -1.1%, SIMO -0.9%, INT -0.7%, FLEX -0.6%, HLS -0.5%, ALDR -0.4%,
Companies trading lower in after hours in reaction to news: STON -32.5% (reduces quarterly distribution to $0.33/unit from $0.66/unit), DRYS -14.1% (Board has determined to effect a one-for-15 reverse stock split of the Company's issued common shares; will take effect November 1, 2016), ABC -5.7% and CAH -5.7% (following MCK results), HLS -0.5% (President and CEO Jay Grinney will retire, effective December 31; co has appointed COO Mark Tarr to succeed him as CEO)