After Hours Summary: UNFI +1% following earnings, KTOS +6% on contract news... WTW -4% on CEO news and despite confidence in growth, APC -3% following Gulf of Mexico asset acquisition newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: UNFI +1%
Companies trading higher in after hours in reaction to news: ACTS +7.5% (thinly traded; Action Semi enters into definitive merger agreement for going private transaction at $2.20/share in cash), KTOS +5.9% (awarded $54 mln contract to provide five Marine Common Aircrew Trainers to the United States Marine Corps), SANM +1.4% (announces $150 million stock repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: AGTC -5.2% (initially traded higher but has since relinquished gains and is lower in after hours trade), FARM -1.8% (light volume - also to acquire substantially all the assets of China Mist Brands for an upfront payment of $10.8 mln)
Companies trading lower in after hours in reaction to news: FATE -7.8% (files for 5,250,000 share common stock offering by the selling stockholders), MCFT -4.9% (commences a 4 mln share follow-on offering of common stock held by an affiliate of Wayzata Investment Partners, WTW -4% (Weight Watchers CEO James Chambers resigns; commences search for a new CEO; CFO and two Directors to comprise interim Office; sees membership growth in Q3, confident in top and bottom line growth for the year), BUFF -3.2% (files for 14.3 mln share common stock offering by selling shareholders), APC -2.7% (to acquire the deepwater Gulf of Mexico assets of Freeport McMoRan Oil & Gas for $2.0 billion; expected to increase its 2016 FY capital guidance to a range of $2.8-3.0 bln; announces public offering of 35,250,000 shares of common stock), FCX -0.5% (confirms that its oil and gas subsidiary will sell its Deepwater Gulf of Mexico properties for $2 bln and up to $150 mln in contingent payments to Anadarko Petroleum),