After Hours Summary: ZUMZ +10%, WMGI +5%, WFM +5% following earnings/guidance/SSS, IQNT +34% on acquisition news, MSCC +12% on sale speculation... FIT -30%, DPLO -27%, FB -7%, WYNN -6% following earnings/guidance/SSSAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance/SSS: AREX +22.2% (also announces strategic alliance and deleveraging transactions), HIIQ +14.7%, XENT +10.8%, KTOS +10.3%, ZUMZ +9.5% (reports October same store sales of +10.2%, raises Q3 EPS guidance), QGEN +7.8% (ticking higher), XPO +6.9%, AMRS +5.8%, AHP +5.6% (also appoints Richard J. Stockton as the CEO effective November 14, 2016), HUBS +5.6%, HDSN +5.6%, WMGI +4.9% (also enters into a Master Settlement Agreement to settle 1,292 specifically identified CONSERVE, DYNASTY or LINEAGE revision claims; final MSA settlement amount), TTWO +4.8%, UVE +4.8% (ticking higher), HBM +4.7%, ALL +4.1% (ticking higher), AVD +4%, WFM +5.2% (also announces changes to the leadership structure, including transitioning from co-Chief Executive Officers to a sole Chief Executive Officer, with co-Founder John Mackey to serve in that capacity), HOLX +3.2%, DVA +3.1%, APTI +3.1%, RIG +2.9%, OME +2.1% (also discloses in 10Q that in October it received a Civil Investigative Demand from the U.S. Department of Justice requesting information in connection with a False Claims Act investigation), KGC +1.8% (ticking higher), MRO +1.7%
Companies trading higher in after hours in reaction to news: TLOG +43.2% (TetraLogic Pharmaceuticals to sell its SMAC mimetic program, including its clinical stage asset birinapant, and its topical HDAC inhibitor, SHAPE, to Medivir for $12 mln in cash as well as future milestones of up to $153 mln), IQNT +34.1% (Inteliquent to be acquired for $23.00/share in cash or approx. $800 mln by an affiliate of GTCR), AUPH +20.2% (plans for a single Phase III clinical trial for voclosporin in the treatment of lupus nephritis), MSCC +12.1% (reports Microsemi has seen interest from Skyworks, may seek other bidders)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FIT -29.7%, DPLO -27.4%, PLPM -21% (also authorized additional share repurchase), PACB -14.4% (also filed a complaint with the U.S. International Trade Commission against Oxford Nanopore Technologies Ltd. and its affiliates), ALIM -12.9%, RUBI -11.1% (also announces workforce reduction), ACLS -9.3%, TVIA -9.3% (light volume), PEIX -8.7%, FB -7%, FRSH -7%, WYNN -6.2%, TNH -5.8% (thinly traded), UNIS -4.7%, HOS -4.1%, PAGP -3.4%, DWCH -3.4% (earnings and update of strategic review of alternatives process), XEC -2.8%, CF -2.8%, FTK -2.7% (also announced a cooperative agreement with Anton Oilfield Services Group of Hong Kong providing a key entrance in the China and other key Eastern Hemisphere markets), AIG -2.6%, ZNGA -2.6%, GNK -2.6% (thinly traded), CLR -2.4%, GDDY -2.3%, HABT -1.8%
Companies trading lower in after hours in reaction to news: GPRO -5.4% (FIT sympathy), WING -2.5% (announces that a stockholder intends to offer for sale in an underwritten secondary offering 6,765,858 shares of the co's common stock pursuant to the co's shelf registration statement filed with the SEC), GPS -0.7% (announces CFO Sabrina Simmons will be leaving the company at the end of the year), SWKS -0.7% (reports Microsemi has seen interest from Skyworks, may seek other bidders), MRVL -0.5% (announces restructuring actions, including the elimination of approx. 900 positions, that it expects will lower annual operating expenses from a current annualized run rate of $1.08 billion to the $820-840 million range)
Casino/gaming names are under pressure following Wynn Resorts (WYNN) earnings: MGM -1.3%, MPEL -1.2%