After Hours Summary: SNAP +22%, AKAM +8%, DIS +3% higher, while BBOX -17%, TCS -7%, CMG / MCHP -5% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SNAP +22.3%, GNW +10.9%, NANO +8.2% (light volume), AKAM +8%, PXD +4.6% (also to divest its properties in South Texas, Raton and the West Panhandle field), ZEN +4.6%, VNOM +3.2% (light volume), DIS +2.9%, AI +2.9%, SIMO +1.8%, MTCH +1.7%, TWO +1%, APC +0.9% (light volume)
Companies trading higher in after hours in reaction to news: NQ +25.6% (rebounding from today's 44% decline), PERY +12% (WSJ reporting that George Feldenkreis submitted $27.50/share proposal to acquire the company), REXX +6.8% (reports Q4 production at the high end of guidance range), REI +2.8% (will replace Boyd Gaming in the S&P SmallCap 600), RIOT +2.7% (continued strength), KORS +2.4% (ahead of earnings), JRVR +2.1% / EVTC +1.6% (light volume - to join S&P SmallCap 600), TWTR +2% (following SNAP results), FCX +0.7% (reinstates dividend - intends to declare quarterly dividend of $0.05 per share with initial dividend expected to be paid on May 1, 2018), CHK +0.6% (average 2017 fourth quarter production projected at 593,000 boe per day), LLNW +0.4% (following AKAM results)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BBOX -17.2%, MANH -10.8%, TCS -7.4%, OLN -5.7%, CMG -5.4%, MCHP -5.1%, MTSI -4.7%, PFPT -2.4%, GILD -2.3%, NTGR -2.1%, EXTR -1.9%
Companies trading lower in after hours in reaction to news: HK -8.1% (acquires 22,617 net acres in Ward County, Texas; announces public offering of common stock), JKS -6.6% (announces follow-on offering of 3,600,000 American depositary shares), SMPL -4.6% (commences 8,843,714 common stock offering by selling stockholder Roark Capital)
Volatility ETFs extending this week's moves: XIV -18.5%, SVXY -1.6%, TVIX +31.4%, VIIX +10.1%, VXX +8.2%