After Hours Summary: ITI +9.1%, PVH +8.2%, BV +8.0%, MTRX -15.7%, SCVL -7.8%, AVAV -5.9% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: ITI +9.1%, PVH +8.2%, BV +8.0%, DDC +4.9%, HRB +1.5%, ENVI +1.1%
Companies trading higher in after hours in reaction to news: BOLT +34.8% (to be acquired by Teledyne (TDY) for $22 per share in cash), MITK +22.4% (announced settlement of pending litigation with USAA), TIBX +9.7% (announced a review of strategic alternatives), MHGC +5.1% (announced its special transaction committee has directed Morgan Stanley to reach out to possible counterparties regarding their interest in potential transactions), BWP +2.7% (to acquire Evangeline ethylene pipeline system for $295 mln in cash), ECR -2.1% (announced the commencement of production at two of the Co's pad locations consisting of a total of 7 Utica Shale wells; co also reaffirmed its production guidance for Q3 and said it expects daily average production during the quarter to be at or above the midpoint of its guidance), KMDA +2.0% (co said it will announce the final results from its European Phase 2/3 clinical trial of its proprietary inhaled alpha-1 antitrypsin to treat alpha-1 antitrypsin deficiency on Thursday, Sept 4, 2014 at approx. 7:00am ET)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: MTRX -15.7%, SCVL -7.8%, AVAV -5.9%, MIND -3.8%, CBK -0.4%, ABBV -0.3%
Companies trading lower in after hours in reaction to news: GNE -8.8% (stated it is considering alternative ways forward for oil shale pilot project in Israel following the Jerusalem District Committee for Planning and Building vote to decline to issue a permit to build and operate an oil shale pilot drilling project), SMLP -4.4% (announced public offering of 4 mln common units by selling unitholders), MEMP -3.7% (announced public offering of 13 mln common units), YUM -3.5% (disclosed significant, negative impact to sales at both KFC and Pizza Hut in China; sees Q3 same store sales -13%), AI -3.1% (announced offering of 2.75 mln shares of common stock), NRF -2.3% (announced public offering of 45 mln shares with a forward component)