After Hours Summary: CMTL +5.2%, CRDS +5.0%, PAY +3.1%, RALY -19.4%, SEAC -15.3%, DMND -9.6% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: CMTL +5.2%, CRDS +5.0%, PAY +3.1%, MTN +2.4%, MW +1.3%
Companies trading higher in after hours in reaction to news: ECTE +20.9% (announced Glass Lewis recommends stockholders vote for Echo's Board nominees), MY +9.1% (obtained approval to develop and operate 300MW off-shore wind power project in Jiangsu Province), BRS +4.8% (named John Briscoe as CFO), PNRA +1.8% (announced new three year $600 mln share repurchase program)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: RALY -19.4%, SEAC -15.3%, DMND -9.6%, THO -1.6%, COO -1.5%, ZOES -1.0%
Companies trading lower in after hours in reaction to news: HDSN -3.6% (announced proposed public offering of common stock; size not disclosed), IG -2.7% (filed for $35 mln offering of common stock), UIHC -1.7% (filed for ~2.72 mln share common stock offering by selling shareholders)