The top companies trading higher in NASDAQ stock market during Thursday's early session are: Berkshire Bancorp, WSB Holdings, Bassett Furniture Industries, Arctic Cat, and Netflix. The top companies trading lower in NASDAQ stock market during Thursday's early session are: Hawkins, Princeton National Bancorp, Span-America Medical Systems, ShoreTel, and First Financial Bancorp.

Gainers

Shares of Berkshire Bancorp Inc. (BERK) jumped 33.65 percent to $8.50 in early trading.

WSB Holdings, Inc. (WSB) stock advanced 23.53 percent to $2.94 in early trade.

Shares of Bassett Furniture Industries Inc. (BSET) climbed 23.30 percent to $5.61 in the early trade. Adjusted profit for the fourth quarter was $2.26 million or 20 cents a share, up from $1.69 million or 14 cents a share last year. Sales rose 10.9 percent to $66.0 million.

Arctic Cat Inc. (ACAT) stock grew 16.47 percent to $15.98 in the early trading session, following its higher-than-expected third quarter earnings and revenue. Profit was $9.26 million or 50 cents a share, up from $2.60 million or 14 cents a share last year. Sales rose to $151.98 million from $131.04 million. Analysts had expected profit of 14 cents a share on revenue of $136.84 million.

Arctic Cat raised its fiscal 2011 earnings guidance to range of 57 cents to 65 cents a share from previous forecast of 40 cents to 55 cents a share. The company still anticipates fiscal 2011 sales of $453 million to $463 million. Street analysts predict earnings of 51 cents a share on revenue of $462.31 million.

Shares of Netflix, Inc. (NFLX) jumped 13.59 percent to $207.91 in the early trading, following its better-than-expected fourth quarter earnings and revenue. Profit was $47.1 million or 87 cents a share, up from $30.9 million or 56 cents a share last year. Revenue rose to $595.9 million from $444.5 million. Analysts had expected profit of 71 cents a share on revenue of $597.49 million.

Netflix expects first quarter earnings of $0.90 to $1.13 a share, higher than analysts forecast of $0.87 a share. The company projects domestic revenue of $684 million to $704 million and international revenue of $10 million to $13 million, while analyst predict $670.91 million.

Losers

Shares of Hawkins Inc. (HWKN) plunged 18.73 percent to $37.50 in the early trading, following a decline in third quarter earnings. Profit was $4.3 million or 41 cents a share, down from $5.6 million or 54 cents a share last year. The results were negatively affected by lower profits per unit sold, competitive pricing pressures, and investment in operational infrastructure. Sales rose 16.5 percent to $70.6 million.

Princeton National Bancorp Inc. (PNBC) stock plummeted 9.76 percent to $4.873 in the early trade.

Shares of Span-America Medical Systems Inc. (SPAN) tumbled 8.54 percent to $14.25 in the early trading, following a decline in first quarter earnings. Profit was $0.72 million or 25 cents a share, down from $1.1 million or 40 cents a share last year. Sales declined 4 percent to $11.7 million, due to lower volume PressureGuard therapeutic support surfaces caused mainly by feeble demand for capital equipment purchases in the long-term care and home care markets.

Shares of ShoreTel, Inc. (SHOR) slid 6.48 percent to $7.94 in the early trading, following a loss in second quarter. Adjusted loss was $1.01 million or 2 cents a share, compared to profit of $340,000 or 1 cent a share last year. Revenue rose to $47.73 million from $35.46 million. Analysts had expected a loss of 1 cent a share on revenue of $46.47 million. The company expects third quarter revenue of $48 million to $51 million, while analysts predict $47.84 million.

First Financial Bancorp. (FFBC) stock declined 5.69 percent to $17.06 in the early trade. Profit for the fourth quarter was $14.3 million or 24 cents a share, compared to $12.8 million or 25 cents a share last year. Net interest income declined 7.2 percent to $67.90 million, while non-interest income rose 43 percent to $34.5 million. Analysts had expected profit of 33 cents a share on revenue of $102.70 million.