After Hours Summary: SNBR +12%, YELP +6%, CSCO +4% are higher, while SWIR -22%, FOSL -16%, BKD -14%, CTL -11%, NTAP -7%, AIG -3% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: IVC +21.2%, SNBR +11.8%, YELP +5.8%, CSCO +3.8% (also raises quarterly dividend 6%; approved a $15 billion increase to the authorization of the stock repurchase program), VNDA +3.7%, DIOD +3.5%, AR +3.1%
Companies trading higher in after hours in reaction to news: SOLO +23.3% (continued momentum after hosting virtual roadshow webinar today), DBVT +17.9% (announces that its planned resubmission of the Biologics License Application to the FDA for Viaskin Peanut in the treatment of peanut-allergic children 4 to 11 years of age is anticipated in Q3), AVP +8.6% and YETI +0.8% (ahead of earnings tomorrow), ELVT +4.3% (upgraded to Buy with $6 tgt at BTIG), GNC +3.8% (announces that Harbin Pharmaceutical has completed the final $150 mln investment of its previously announced $300 mln strategic investment), MDR +1.6% (modestly rebounding from today's 27% decline), HLIT +1.5% (ticking higher; initiated with Buy at Needham)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SWIR -21.9%, FOSL -16%, BKD -13.8%, RYAM -11% (light volume), CTL -10.7%, QTWO -7.5% (light volume), NTAP -7%, FNF -6.9%, BCOV -5.8% (light volume), MMLP -5.8%, IFF -4.5%, ASGN -4.3%, PXD -4.1%, AIG -3.2%, MGM -2.8%, TRUP -2.8% (light volume), NUS -2.2% (light volume), SPWR -2%, WMB -2% (also Targa Resources and Williams Cos announce new NGL agreements and option for Mont Belvieu fractionation joint venture), PS -1.9%, LPI -1.8%, SVMK -1.5%, H -1.2%
Companies trading lower in after hours in reaction to news: INO -15.2% (proposes offering of $65 mln convertible senior notes due 2024), HUBS -2.3% (commences offering of 1.7 mln shares of common stock), MYOK -1.9% (indicated lower on block trade pricing), CIM -0.5% (downgraded to Hold from Buy at Deutsche Bank
