After Hours Summary: ABTL +14.1%, HPQ +1.2%, LGF +0.4%, ARO -20.1%, ACXM -9.5%, MRVL -2.2% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: ABTL +14.1%, BORN +1.5%, HPQ +1.2%, LGF +0.4%, JMEI +0.3%, ROST +0.1%, INTU +0.1%
Companies trading higher in after hours in reaction to news: EROC +16.3% (to merge with subsidiary of Vanguard Natural Resources (VNR) for total consideration of $474 mln in Vanguard Common units and Eagle Rocks net debt of $140 mln; Consideration valued at ~$3.05 per share), ABTL +14.1% (acquired Dealix Corporation and Autotegrity for $25 mln; expects the acquisition to be accretive to net income in 2015; Raises FY15 guidance), AAU +11.1% (announced significant silver mineralisation in Ixtaca Infill Drilling Program, hits 31.50 Meters of 0.39 G/T Au, 117.0 G/T Ag), PTCT +2.3% (announced that the Benefit Assessment by Germany's Federal Joint Committee (G-BA) indicated that Translarna provided a benefit for ambulatory patients aged five years and older with nonsense mutation Duchenne Muscular Dystrophy), BBRY +1.9% (announced that its Board has authorized a share repurchase program to purchase for cancellation up to 12 mln BlackBerry common shares, or ~2.6% of the outstanding public float), CBOE +1.6% (increased share repurchase authorization by $100 mln), GLBS +1.2% (announced sale of a Panamax Vessel for a gross price of $5.5 mln), DDD +0.6% (announced its role in a $1.3 mln contract to design, build and test a cutting-edge aircraft heat exchanger to be manufactured using 3D printing)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: ARO -20.1%, ACXM -9.5%, MRVL -2.2%, BRCD -2.1%, TFM -0.8%, GPS -0.2%
Companies trading lower in after hours in reaction to news: VGGL -18.8% (announced proposed public offering of common stock, size not disclosed), OTIC -18.0% (reported Phase 2b topline data for OTO-104 in Meniere's disease; 'narrowly missed primary endpoint of reduction in vertigo frequency during month 3 following treatment compared to a one month baseline period), NVEE -3.4% (announced a public offering of common stock; size and price details not disclosed), MRVL -2.2% (announced that Mike Rashkin has expressed his intention to retire as CFO; co also reported earnings), CVM -2.7% (commenced an offering of common stock and warrants; terms not disclosed), HAWK -1.1% (shareholders approved conversion into single class of common stock)