After Hours Summary: WDC +9.3%, OSIS +7%, SBUX +1.6% are higher, while RMD -9%, INTC -7%, ISRG -5% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: WDC +9.3%, OSIS +6.8%, WAL +4% (light volume), SBUX +1.6%
Companies trading higher in after hours in reaction to news: PCG +35.3% (confirms CAL FIRE concluded that PG&E equipment did not cause 2017 Tubbs wildfire; adds that it still faces 'extensive litigation, significant potential liabilities and a deteriorating financial situation'), ERIC +3.9% (ahead of earnings tomorrow before the open), STX +3.7% / MU +0.8% (WDC sympathy), TGI +2.1% (continued strength; confirms sale of its metallics machining operations), HCLP +1.6% (announces resumption of operations at Whitehall facility, idling of Augusta facility), YEXT +1.4% (initiated with Outperform and $23 tgt at Oppenheimer), GMED +0.7% (ticking higher - announced that the SECURE-C Cervical Artificial Disc is now covered by Anthem), VLO +0.5% (increases quarterly cash dividend to $0.90/share from $0.80/share)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: RMD -9.1%, INTC -6.8%, ISRG -5%, AVT -4.5%, ETFC -3.6%, AYX -3.5%, SIVB -2.8% (light volume), ALK -2.7%, DFS -2.6%
Companies trading lower in after hours in reaction to news: CRBP -7% (to offer and sell shares of its common stock in an underwritten registered public offering ), TXN -0.6% (modestly pulling back with INTC; also will webcast a review and update of the company's capital management strategy on Tues Feb 5)
Intel (INTC) is weighing on select semi / tech names (SMH -1.1%, QQQ -0.4%): NVDA -1.3%, MCHP -1.1%, AMD -0.8%, AVGO -0.7%, QCOM -0.5%, MSFT -0.4%