The top after-market NASDAQ Stock Market gainers are: Green Mountain Coffee Roasters, Glu Mobile, FEI, AXT, Silicon Graphics International, Myriad Genetics, Planar Systems, Telestone Technologies, Avis Budget Group, and Sino Clean Energy.

Green Mountain Coffee Roasters Inc. (GMCR) stock jumped 18.92 percent to $76.19 in the after-market trading, as it guided third quarter earnings above Street view. The company expects third quarter adjusted earnings of $0.34 to $0.38 per share and sales growth of 90 percent to 95 percent, while Street predicts profit of $0.31 per share on revenue of $589.50 million with sales growth of 89.20 percent.

The company raised its fiscal 2011 adjusted earnings guidance to range of $1.43 to $1.50 per share from previous forecast of $1.19 to $1.29 per share. The company also increased its 2011 sales growth outlook to range of 82 percent to 87 percent from previous estimate of 75 percent to 80 percent. Street analysts predict profit of $1.25 per share on revenue of $2.46 billion with sales growth of 81.10 percent.

Green Mountain reported second quarter adjusted earnings of $71.5 million or $0.48 per share, up from $28.9 million or $0.21 per share last year. Sales surged 101 percent to $647.7 million. Analysts had expected profit of $0.38 per share on revenue of $629.35 million.

In addition, Green Mountain said it plans to offer 7.10 million shares of its common stock in an underwritten public offering. Certain stockholders also plan to offer an aggregate of 403,883 shares of common stock in the offering. The company said it plans to grant the underwriters a 30-day option to purchase up to 1.13 million additional shares of common stock to cover overallotments, if any. The company intends to use the net proceeds from the offering to repay outstanding debt under its credit facility and for general corporate purposes.

Glu Mobile, Inc. (GLUU) stock climbed 9.95 percent to $4.20 in the after-market trading, as it guided second quarter above Street view. The company expects second quarter adjusted loss of $0.04 to $0.06 per share and adjusted revenue of $15 million to $16.5 million, while Street predicts a loss of $0.07 per share on revenue of $13.39 million.

The company's first quarter loss narrowed to $3.17 million or $0.06 per share from $3.66 million or $0.12 per share last year. Adjusted loss was $898,000 or $0.02 per share, compared to a loss of $768,000 or $0.03 per share last year. Revenue declined to $16.43 million from $17.29 million, while adjusted revenue decreased to $17.16 million from $17.54 million. Analysts had expected a loss of $0.07 per share on revenue of $14.07 million.

FEI Co. (FEIC) stock surged 9.79 percent to $34.87 in the after-market trading, as it guided second quarter above Street view. The company expects second quarter earnings of $0.55 to $0.61 per share and revenue of $195 million to $210 million, while Street predicts profit of $0.45 per share on revenue of $185.08 million. Bookings for the quarter are expected to be $177 million to $197 million. The company said its second quarter guidance assumes a euro exchange rate of $1.45. The company said it continues to expect growth for 2011.

The company reported first quarter earnings of $22.3 million or $0.54 per share, up from $4.1 million or $0.11 per share last year. Sales grew 32 percent to $197 million, with a 49 percent increase in Electronics and a 52 percent growth in Research & Industry segments. Analysts had expected profit of $0.46 per share on revenue of $185.81 million.

AXT Inc. (AXTI) stock soared 9.32 percent to $7.86 in the after-market trading, as it guided second quarter above Street view. The company expects second quarter earnings of $0.13 to $0.16 per share and revenue of $26.5 million to $27.5 million, while Street predicts profit of $0.13 per share on revenue of $25.83 million.

As we move into Q2, we are very pleased to see solid demand for our semi-insulating and semi-conducting gallium arsenide substrates from our traditional markets and we are making good progress on our plans to further penetrate strategically important markets for our products. Our unique business model continues to provide us with exciting growth opportunities, positioning us well for continued expansion in 2011, said Morris Young, chief executive officer of AXT.

The company reported first quarter earnings of $4.21 million or $0.13 per share, up from $2.58 million or $0.08 per share last year. Revenue rose to $24.57 million from $18.64 million. Analysts had expected profit of $0.12 per share on revenue of $24.48 million.

Silicon Graphics International Corp. (SGI) stock advanced 9.10 percent to $17.98 in the after-market trading, as its third quarter loss narrowed from last year. Loss from continuing operations narrowed to $1.67 million or $0.05 per share from $20.26 million or $0.67 per share last year. Adjusted earnings from continuing operations were $2.28 million or $0.07 per share, compared to a loss of $10.75 million or $0.36 per share last year. Revenue grew to $143.66 million from $107.82 million, while adjusted revenue rose to $135.79 million from $128.93 million.

Silicon Graphics reiterated its fiscal 2011 adjusted revenue guidance at the midpoint of the $600 million to $625 million range, and adjusted earnings outlook of $0.40 to $0.50 per share. The company also reiterated its gross margin forecast in the upper half of the 27 percent to 30 percent range, and adjusted operating expenses estimate of $171 million to $175 million. For the fiscal 2012 internal plan, the company expects revenue growth of 15 percent to 20 percent, and to be profitable. The company expects fiscal 2012 adjusted gross margin of 100 basis points growth and adjusted operating expenses to increase 10 percent to 12 percent.

Myriad Genetics Inc. (MYGN) stock grew 6.51 percent to $22.73 in the after-market trading, as its third quarter earnings and revenue exceeded Street view. Profit was $27.9 million or $0.31 per share, down from 33.3 million or $0.33 per share last year. Results for the latest quarter included $14.4 million income tax expense recorded for accounting purposes, while the prior-year had a similar expense of $1.3 million. Revenue rose 13 percent to $102.4 million. Analysts had expected profit of $0.25 per share on revenue of $98.11 million.

The company raised its fiscal 2011 earnings guidance to range of $1.06 to $1.09 per share from previous forecast of $0.95 to $1.00 per share. The company also increased its revenue outlook to range of $396 million to $402 million from previous range of $380 million to $400 million. Street analysts predict profit of $1.02 per share on revenue of $391.86 million. The company said its latest guidance includes the impact of Rules-Based Medicine, an Austin-based firm which it agreed to buy last month for $80 million.

Planar Systems Inc. (PLNR) stock grew 6.30 percent to $2.70 in the after-market trading. Loss for the second quarter narrowed to $96,000 or breakeven per share from $3.59 million or $0.19 per share last year. Adjusted earnings were $1.31 million or $0.07 per share, compared to a loss of $1.71 million or $0.09 per share last year. Sales rose to $47.96 million from $39.73 million.

The company expects third quarter adjusted results between breakeven and profit of $0.02 per share and revenue of $46 million to $48 million. For the fiscal 2012, the company currently expects to see annual revenue growth in excess of 10 percent, with an increasing percent of revenue derived from sales of digital signage products. However, profitability is more difficult to predict in fiscal 2012 as the company ramps its spending directed at fueling these higher levels of revenue growth. In addition, the company expects to use $5 million to $7 million of its current cash balance to fund working capital requirements associated with projected revenue growth over the course of the next year.

Separately, Planar Systems said it has formed a partnership with UniStructures, Inc. (USI), of Kennesaw, GA to provide the Quick Serve Restaurant (QSR) market the first multi-functional digital display solution for menu presentation and order confirmation meeting the demanding requirements of extreme outdoor environments. The combined offering of Planar’s rugged outdoor digital menu display with USI’s rugged enclosure and overall QSR knowledge, provides a hassle-free maintenance experience for mission critical performance under adverse conditions to the QSR industry.

Telestone Technologies Corp. (TSTC) stock gained 6.18 percent to $6.87 in the after-market trading.

Avis Budget Group, Inc. (CAR) stock increased 4.15 percent to $18.81 in the after-market trading, as its first quarter earnings and revenue topped Street view. Profit was $7 million or $0.06 per share, compared to a loss of $38 million or $0.37 per share last year. Adjusted earnings were $12 million or $0.11 per share, compared to a loss of $13 million or $0.13 per share last year. Revenue grew 7 percent to $1.24 billion, primarily due to a 7 percent increase in rental day volume partially offset by 1 percent lower pricing. Analysts had expected a loss of $0.05 per share on revenue of $1.21 billion.

Sino Clean Energy Inc. (SCEI) stock rose 4.11 percent to $3.80 in the after-market trading. The company said it has been made available on its investor website a detailed letter to shareholders from Baowen Ren, Chairman of Sino Clean Energy. The letter provides a detailed response to numerous questions from investors regarding a purportedly subscriber-only report released last week on a website called Geoinvesting and reports by an individual calling himself Alfred Little. Management points out that the information provided and the allegations made in these reports are false, misleading and reflect a general lack of understanding of its business.