After Hours Summary: WDC +4.5% following guidance/CFO news, LEDS +59.1% on purchase agreement newsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WDC +4.5% (Western Digital sees Q4 EPS $0.72 vs $0.68 Capital IQ Consensus Estimate; revs $3.46 bln vs $3.41 bln Capital IQ Consensus Estimate; Mark Long Appointed EVP, Finance; will succeed Olivier Leonetti as CFO on Sept 1)
Companies trading higher in after hours in reaction to news: LEDS +59.1% (SemiLEDs enters into definitive purchase agreement with Dr. Peter Chiou under which he will purchase 577,000 shares of the Company's common stock at $5.00 per share), EMKR +9.3% (Emcore completes strategic review, announces a special dividend of $1.50/share), CC +1.9% (modest rebound following late sell-off; after hours Chemours comments on Freeman PFOA trial outcome-verdict will be appealed), STX +1.8% (WDC sympathy)
After Hours Losers:
Companies trading lower in after hours in reaction to news: GPL -10.8% (arranges $20 mln bought deal financing)