After Hours Summary: STS +29% on WNC acquisition news.... ACAD +12%, ALRM +8%, DXC +3%, HTZ +2% higher and FOSL -20.7%, TRUE -13%, MXL -12%, TRIP -9%, JAZZ -7% lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ACHN +28.2%, NOG +15%, SSTI +13.5%, ACAD +12.4%, NVTR +12.2% (ticking higher), TPIC +10%, PXLW +8.7%, GSVC +8.5%, ALRM +8.2%, GPOR +7.7%, ALDR +7.6%, NVAX +7.1%, YUME +7.1% (ticking higher), OREX +5.2%, OMER +4.7%, NSTG +4.6% (also NanoString Technologies and Lam Research announce strategic collaboration to develop NanoString's proprietary Hyb & Seq next generation sequencing platform), TPVG +4.3% (light volume), CLDX +3.5%, SSNI +3.5%, DXC +3.2%, PUMP +2.6% (light volume), IOSP +2.5% (light volume), ABCO +2.4%, INO +2.4%, RRGB +2.3%, DRRX +2.3% PTCT +1.9% (ticking higher), HTZ +1.9%, HTGM +1.3%, TSRO +1.1%
Companies trading higher in after hours in reaction to news: STS +29.3% (Wabash National Corporation [WNC] to acquire Supreme Industries in cash tender offer for $21 per share -- represents equity value of $364 mln and enterprise value of $342 mln; to be accretive in first full calendar year after close), PLPM +7.3% (ticking higher; to explore and evaluate potential strategic alternatives), CXP +0.3% (authorizes new $200 mln share repuchase program for a two-year period ending September 4, 2019)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FOSL -20.7%, TRUE -13.2%, MXL -12.2%, ARTX -9.9%, POLA -9.1%, TRIP -8.7%, JAZZ -7.4%, CALX -7.3%, PCLN -6.7%, OCUL -6.7%, MYGN -6.5%, XCO -5.8%, NUAN -5.7%, TWNK -4.4%, VSAT -4.1% (light volume), DIS -3.8% (also acquires majority of BAMTech for $1.58 bln), MNST -3.1%, ETE -2.5%, AXAS -1.2%
Companies trading lower in after hours in reaction to news: MBUU -5% (to offer 2 mln shares of the Company's Class A Common Stock; discloses prelim results, sees Q4 revs $74.7-75.1 mln vs $70.34 mln Capital IQ Consensus Estimate, believes unit volume will be approximately 1,004 units, sees gross profit of $19.6-20 mln), PRAH -3.3% (announces secondary offering of 10,000,000 shares of common stock by stockholders, including an affiliate of, or a fund sponsored by, Kohlberg Kravis Roberts & Co), NFLX -3.2% (Disney will end distribution agreement with Netflix in 2019), LOB -2.5% (to offer approximately 4.5 mln shares of its voting common stock), ESPR -2.2% (to offer $150 million of its common stock), H -1.8% (commences secondary offering 8,654,050 shares of Class A common stock), MKC -1% ( prices offering of 5,524,862 shares of its common stock at $90.50 per share), ED -0.9% (to issue 4.1 mln common shares pursuant to shelf registration statement), AAPL -0.4% (Qualcomm announces that the ITC has commenced an investigation into Apple based on complaint filed by the co on July 7)