After Hours Summary: SONO +22.4%, LB +15%, JACK +5.8%, NUAN +5.6% up big on earnings; CORT +21.9% jumps on favorable patent ruling; NVDA -2.5% down on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SONO +22.4% (says it reached an inflection point in SepQ; also announces $50 mln stock repurchase plan), LB +15% (also comps +28%), JACK +5.8% (also reports strong comps at +12.2%), NUAN +5.6% (also to sell HIM Transcription and EHR Go-Live Services businesses), BILI +5.3%, PAGS +2.3%, UGI +1.5%, SCVL +0.6%, CPRT +0.3%
Companies trading higher in after hours in reaction to news: APVO +35.4% (receives $50/share acquisition proposal from shareholder Tang Capital), CORT +21.9% (Patent Trial and Appeal Board upheld the validity of all claims of CORT's '214 patent), LNTH +8.6% (FDA approves sNDA for DEFINITY Room Temperature), AQST +6.7% (completes FDA meeting on Libervant; believes no additional clinical studies needed for NDA resubmission), KRA +2.5% (announces price increase for Tall Oil Fatty Acids), RIG +2.4% (announces that Petrobras extends two rig contracts), PLTR +2.2% (receives prototype contract from the US Army), AFL +2% (increases dividend), BNTX +0.8% (QGEN and BNTX to collaborate on diagnostic development for HPV squamous cell carcinoma), AIG +0.5% (S&P 'A-2' rating removed from CreditWatch negative), TEVA +0.4% (Patent Trial and Appeal Board upheld the validity of all claims of CORT's '214 patent), STAG +0.2% (announces groundbreaking of solar install in Maryland), A +0.1% (increases dividend), MATW +0.1% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: ZTO -5.4%, CPA -4.6%, NVDA -2.5%, CUB -1.4%, KLIC -0.6%, KEYS -0.2% (also announces $750 mln buyback program), SQM -0.1%
Companies trading lower in after hours in reaction to news: MGTX -8.1% (stock offering), GPRO -5.1% (convertible notes offering), STOK -1.8% (stock offering), GPI -1.3% (reinstates quarterly dividend), ALGN -1.2% (announces ITC reversal of Admin Law Judge infringement finding), TGI -0.5% (extends CEO's contract)