Benzinga's After Hours Decliners (MYGN, ITMN, TRLG)

Among the notable stocks that are moving lower in the after hours trading session are Myriad Genetics (NASDAQ: MYGN), InterMune, Inc. (NASDAQ: ITMN), and True Religion Apparel (NASDAQ: TRLG).

Myriad Genetics (MYGN) shares have lost over 23% in the late trading session after the company missed Wall Street earnings expectations. The stock is currently trading at $18.47 after closing the regular market session at $24.08. MYGN reported earnings per share of $0.33 compared to estimates of $0.39.

What is taking place in shares of InterMune (ITMN) right now is a disaster for shareholders. In the after hours trading session, the stock has fallen 78.76% to $9.65 after the FDA rejected the company's lung drug, perfinedone, and asked ITMN to conduct another clinical trial. The stock had closed the regular trading session at $45.44 prior to the FDA announcement.

True Religion Apparel (TRLG) shares have fallen 4.76% to $29.20 after the company released its earnings. TRLG reported EPS of $0.34 compared to Wall Street estimates of $0.33. The losses in the late trading session, come on top of a 6.32% decline during regular market hours.