After Hours Summary: TOPS +23%, TRUE +13%, ANET +10%, COHU +9% following earnings/guidance... NUS -7%, MCHX -7%, PI -5%, FLS -4% following earnings/guidance, LII -4% quells rumors surrounding conference cancellationAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: TOPS +23.3%, RGSE +16.5% (also completes offerings that raised total net proceeds of $16.0 million; regains Nasdaq compliance and now debt-free), TRUE +13%, ANET +9.5%, COHU +8.9%, CYTK +8.4%, TMST +7.2%, CGNX +5.6%, AIRG +5.4%, WBMD +3.8% (also commenced a process to explore and evaluate potential strategic alternatives), TTD +2.7% (also files registration statement for proposed follow-on offering by selling shareholders), KEYS +2.5%, CRC +2.1% (also announces a joint venture with Benefit Street Partners to invest $250 mln in oil & gas properties)
Companies trading higher in after hours in reaction to news: ZPIN +3.5% (special committee is in advanced discussions regarding a potential transaction after receiving preliminary non-binding proposal $18.00 in cash per ADS), P +0.8% (Corvex Management files amended 13D, shows 8.8% active stake, discloses exercising over-the-counter market American-style call options), SAGE +0.7% (following late move higher on M&A speculation)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: NUS -7.4%, MCHX -6.8%, PI -5.3%, ORC -4.4%, FLS -4.2% (also announces an order close to $80 mln to provide pumps and ebulators for the Hengli Integrated Refining Complex Project in China), MRC -0.9%
Companies trading lower in after hours in reaction to news: LII -4% (pulling back after issuing statement clarifying that it withdrew from presenting at conference because its CFO has a minor back injury that requires surgery), BKD -3.2% (following late spike into the close on reports of potential interest from Ventas), CREE -0.8% (light volume; will terminate the definitive agreement to sell its Wolfspeed Power and RF division to Infineon Technologies), TSLA -0.7% (continued weakness)