After Hours Summary: SWKS +8% following earnings and lifting peers and other RFMD/Apple suppliers... IBM -1.7%, AXP -1% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: SWKS +7.6% (also initiates new $500 mln stock buyback plan)
Companies trading higher in after hours in reaction to news: HLF +6.5% (potential refinancing plan - unconfirmed), BLDP +5% (Protonex received certification from the U.S. Government), NGL +4.4% (declares quarterly cash distribution of $0.39/share - says the fourth and final quarter of the temporary distribution reduction; provides distribution guidance going forward), NVAX +2.2% (announces the initiation of a Phase 2 clinical trial of its respiratory syncytial virus F-protein nanoparticle vaccine candidate in older adults), URRE +1.9% (following notable afternoon strength), WU +0.8% (modestly rebounding)
Skyworks (SWKS) earnings/guidance lifting peers and other RFMD/Apple suppliers: QRVO +4.6%, CRUS +3.7%, AVGO +1.2%, ADI +0.5%, NXPI +0.4%, QCOM +0.4%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PBCT -2.2% (light volume), IBM -1.7%, AXP -1%
Companies trading lower in after hours in reaction to news: AFMD -16.3% (commences an underwritten public offering of its common shares; size not disclosed), AXAS -6.7% (announces a capex increase to $110 mln from $60 mln prior; sees avg production at the midpoint of FY17 guidance; also files for 20 mln share common stock offering), STML -5.9% (announces an underwritten public offering of common stock), VRAY -5.9% (modestly pulling back), BMY -5.8% (Bristol-Myers has decided not to pursue an accelerated regulatory pathway for the combination of Opdivo plus Yervoy in first-line lung cancer in the U.S. based on a review of data available at this time), TRUE -3.2% (files for $100 mln mixed securities shelf offering and 20 mln share common stock offering by selling shareholders)