After Hours Summary: STX +11%, CREE +3%, AA +2.5% following earnings/guidance, BOBE +17% on plans to sell restaurant unit/focus on BEF FoodsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: STX +11.4%, CREE +2.7%, AA +2.5%, ISRG +1.2% (also enters into $2.0 bln accelerated share repurchase program),
Companies trading higher in after hours in reaction to news: CDTI +22.7% (partnered with DENSO to provide its technology to the North American heavy-duty market), BOBE +16.9% (to sell Bob Evans Restaurants, will acquire Pineland Farms Potato Company; reaffirms FY17 guidance), WDC +4.9% / QTM +3.3% (following STX earnings/guidance), HK +4.1% (very light volume; to acquire Southern Delaware basin assets and divest East Texas Eagle Ford assets), AHP +3.4% (ticking higher;refinances three mortgage loans with existing outstanding balances totaling ~$334 million; increases quarterly dividend), CXO +2.8% (confirms sale of 100% of their respective ownership interests of Alpha Holding Company to Plains All American Pipeline for a combined total of $1.215 billion), TGI +2.4% (will replace LogMeIn in the S&P SmallCap 600; awarded $52 mln contract from Rolls Royce for Trent XWB engine components), GNW +2.3% (to report Q4 results on February 7; does not plan to host an earnings call due to the pending sale to China Oceanwide), ONVO +2.3% (initiated with Outperform at Raymond James), BLDP +2% (signed initial Equipment Sales Agreement with Zhuhai Yinlong Energy Group for 10 FCveloCity-MD 30-kilowatt fuel cell engines), MMP +1.2% (increases quarterly distribution to $0.855/unit from $0.8375/unit),
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HA -2.5%, CA -2.3%, MIK -2% (sees Q4 EPS in-line with consensus; announces secondary offering of 18 mln shares by selling stockholders), YRCW -1.2% (amends its term loan credit agreement; guides Q4 rev above Consensus), COF -0.9%
Companies trading lower in after hours in reaction to news: NCIT -5.9% (numerous prior financial statements should no longer be relied upon in connection with the previously disclosed internal investigation), NEWT -4.7% (announces 1.5 mln share common stock offering), MRCY -4.6% (to offer 5 mln shares of its common stock pursuant to an underwritten public offering), NAK -2.1% (modestly pulling back), PAA -1.2% (Plains All American announces agreements to acquire Permian Basin gathering system for $1.2 bln and to sell assets for $380 mln; sees Q4 EBITDA near midpoint of guidance; guides FY17 cap-ex), AGN -1.2% (still checking)