After Hours Summary: TTWO +12%, TSLA / OSUR +8%, OCLR +7% higher and PMTS -29%, CENX -12%, DDD / MOH -10%, CRUS / PRU -2% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ESIO +22.5%, SEDG +16.8%, STMP +15.2%, CENT +12.3%, TTWO +11.5%, FORM +10.1%, PACB +9.1% (ticking higher; also announced that NVGN will purchase 10 Sequel Systems, filed mixed securities offering), TSLA +7.8%, OSUR +7.7%, OCLR +7.2%, HCLP +6.5%, EEP +6.1%, SUPN +5.8%, TGB +5.8% (light volume), HIIQ +5.6%, ECR +5.5%, DATA +5.1%, TRMB +4.8% (ticking higher), OAS +4.8%, ZNGA +4.7%, FIT +4.5%, AXGN +4.3% (light volume), HUBS +4.1%, CPE +2.7%, MRO +2.2%, KGC +2.2%, BIVV +2.1%, MASI +1.9%, BREW +1.8%, CATM +1.6%, CA +1.5%, CAVM +1.4%, AIG +1.4%, TDOC +1.3%, QRVO +1.2%, CTXS +1.2% (light volume), BMRN +1% (also will expand its development plan for BMN 270 to include an additional Phase 3 study of the 4e13 vg/kg dose based on updated data), IAC +1%
Companies trading higher in after hours in reaction to news: WYN +4.9% (Wyndham Worldwide to spin off the company's hotel business resulting in two separate, publicly traded companies; to explore strategic alternative for the European rental brands; reported earnings), ATVI +4.1% (following TTWO/ZNGA earnings and ahead of its own release tomorrow Aug 3), NVTA +2.1% (Baker Bros/15.1% active stake discloses participation in NVTA's 7/31 private placement), AMC +1.6% (modestly rebounding from 27% decline following guidance; moves up Q2 earnings release and conference call to August 4 before the open), CCXI +1.4% (light volume; Chief Medical Officer Dr. Petrus Bekker retires for family medical reasons), HZO +1.3% (approves a new 2 mln stock repurchase plan)
Oclaro (OCLR) is leading optical names higher following earnings: AAOI +2.2%, FNSR +2.1%, NPTN +1.8% (reports earnings tomorrow), IPHI +1.8%, FN +1.5%, INFN +1.3% (reports earnings tomorrow), LITE +1.3%, ACIA +1.2%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PMTS -28.7%, IPAS -21.7% (thinly traded), HIVE -14.3%, TSE -13.7% (light volume), MCEP -13%, TTMI -12.8%, CENX -11.6%, DDD -10.4%, MOH -10.2% (also announces restructuring, withdraws outlook), RGR -9.9%, HABT -7.1%, CAKE -6.5%, AREX -5.8%, PE -5.1%, CBPO -5%, HOLX -4.4%, HK -3.8%, NUS -3.4%, CXO -2.9%, TCS -2.9% (ticking lower), MYRG -2.7% (light volume), MTDR -2.7% (light volume), CRUS -2.4%, PRU -2.3%, PK -2%, GKOS -1.8%, TNH -1.7%, MIC -1.5%, SQ -1%, MET -1%
Companies trading lower in after hours in reaction to news: AGRX -12% (to offer shares of its common stock in underwritten offering), DDD -11.1% (SSYS sympathy), SWIR -8.3% (Numerex Corp. to merge with Sierra Wireless in a stock-for-stock merger transaction valued at ~$107 million), AOBC -4.4% (following RGR earnings), DRRX -4.3% (Durect and Zogenix terminated their Development and License Agreement whereby Zogenix had the worldwide development and commercialization rights to Relday), ONCE -3.1% (commences $300 mln common stock offering), FBP -2.2% (commences 20 mln common stock offering by the co and/or Thomas H. Lee Partners), MNK -1.5% (issues statement on DOJ subpoena related to opioid products), PBYI -1.4% (CHMP has issued its Day-180 List of Outstanding Issues in the process of their ongoing regulatory review of its MAA for neratinib for the extended adjuvant treatment of HER2-positive early stage breast cancer in patients who have previously been treated with trastuzumab-based adjuvant therapy), AGTC -1.1% (appoints William Sullivan as CFO; Larry Bullock is retiring), CHGG -1.1% (increases/prices follow-on offering of 10 mln shares at $13.50 per share), ORC -1% (files prospectus to sell up to $125 million of shares of its common stock through an at-the-market program)
TICKER ALERT: WRAPX