After Hours Summary: ENVI +4.2%, ASNA +4.2%, KKD -13.3%, GMAN -10.0%, THO -5.1%, YUM -2.8% following earnings/guidance After Hours Gainers: Companies trading higher in after hours in reaction to earnings: ENVI +4.2%, ASNA +4.2%
Companies trading higher in after hours in reaction to news: CNAT +35.2% (confirmed U.S. Orphan Drug Designation for emricasan for treatment of liver transplant recipients with reestablished fibrosis), UNIS +22.9% (announced clinical supply agreement with Novartis (NVS) for delivery of a novel drug), RNDY +6.0% (signed agreement to acquire 11 Dominick's stores from Safeway (SWY) a $36 mln cash and lease assumption transaction), IVR +2.1% (announced 20 mln share increase in share repurchase program), TSLA +2.1% (announced that the German Federal Motor Transport Authority found no manufacturer related defects), GY +1.7% (co's subsidiary Aerojet Rocketdyne was awarded a medium class Stage III demonstration contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: KKD -13.3%, GMAN -10.0%, THO -5.1%, YUM -2.8%
Companies trading lower in after hours in reaction to news: OCZ -38.5% (signed an asset purchase agreement with Toshiba Corporation to acquire substantially all of OCZ's assets in a chapter 11 bankruptcy proceeding for $35 mln), TAXI -7.0% (announced commencement of 2.9 mln share offering of common stock), GTAT -4.4% (to offer $125 mln convertible senior notes and 12 mln shares of common stock), ST -4.0% (announced offering of 15.5 mln ordinary shares by selling shareholders and 4.5 mln share repurchase), WES -3.6% (announced 4.5 mln common unit offering), OSIR -3.5% (announced C. Randl Mills will be stepping down as President and CEO for personal reasons), SDLP -3.4% (announced public offering of 12.9 mln common units), ECTE -2.0% (filed for ~3.226 mln unit offering, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock), RM -1.2% (announced secondary offering of ~2.04 mln shares of common stock), NDLS -1.2% (commenced proposed 4.5 mln share common stock offering)