The top after-market NASDAQ Stock Market gainers are: Mitcham Industries, Perficient, Zion Oil & Gas, Immersion, and Expedia. The top after-market NASDAQ Stock Market losers are: Life Partners Holdings, G-III Apparel Group, BioMimetic Therapeutics, Velti, Glu Mobile, and Apple.

Gainers

Mitcham Industries Inc. (MIND) stock jumped 14.91 percent to $16.65 in the after-market trading. Profit for the first quarter was $6.1 million or $0.58 per share, up from $2.4 million or $0.24 per share last year. Revenue grew 61 percent to $26.5 million, on excellent results in its equipment leasing business and at Seamap. Analysts had expected profit of $0.34 per share on revenue of $21.72 million.

Perficient Inc. (PRFT) stock grew 9.82 percent to $11.17 in the after-market trading.

Zion Oil & Gas, Inc. (ZN) stock gained 6.21 percent to $6.67 in the after-market trading. The company said it plans to launch a rights offering. Under the rights offering, Zion will distribute non-transferable subscription rights to holders of Zion's common stock on the record date of June 15, to purchase their pro-rata portion of about 6.25 million Units of Zion's securities. Each Unit will consist of one share of Zion's common stock and warrants to purchase two additional shares of Zion's common stock at an exercise price of $3.50 per share. Under the rights offering, stockholders of record on the record date will therefore have the right to subscribe for one Unit for every four shares of common stock owned on the record date, equivalent to 0.25 subscription rights for each share of common stock owned on the record date.

Each whole subscription right will entitle the stockholders of record on the record date to subscribe for one Unit at the per Unit purchase price of $5.00. The warrant will be exercisable for a one-year period beginning on the closing date after the rights offering expires. The rights offering is planned to commence as soon as practicable after the record date and to continue through 5:00 p.m. Eastern Standard time on July 25, subject to Zion's right to extend the offering in its sole discretion. The rights offering will also include an over-subscription privilege, entitling a stockholder who exercises all of their basic subscription privilege the right to purchase additional Units that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro-rata allocation of securities among stockholders exercising their over-subscription right.

Immersion Corp. (IMMR) stock increased 2.90 percent to $8.16 in the after-market trading.

Expedia Inc. (EXPE) stock rose 2.90 percent to $27.71 in the after-market trading.

Losers

Life Partners Holdings, Inc. (LPHI) stock plunged 10 percent to $3.51 in the after-market trading. The company said it has received an amended Wells Notice from the Securities and Exchange Commission that the agency's staff will recommend civil action against the company and three of its officers, , Brian Pardo, Scott Peden and David Martin, for possible violations of Section 17(a) of the Securities Act of 1933, Sections 10(b) 13(a), 13(b)(2)(A) and (B) of the Securities Exchange Act of 1934, and certain rules thereunder.

The company said the expanded Wells Notice also includes allegations about the disclosures regarding and the propriety of certain accounting policies and practices, including revenue recognition, the impairment of life settlements held by the company for investment, and the stated policy for premium advances the company might make on certain client policies. The Wells Notice is neither a formal allegation nor a finding of wrongdoing. Upon receipt of a Wells Notice, the recipient is afforded an opportunity to present its positions with respect to the Staff’s recommendation before the SEC decides whether an enforcement action will be authorized. The company plans to respond by setting forth its positions and explaining why it believes an enforcement action is not warranted. The company cannot predict whether the SEC will accept its positions or follow the recommendations of the Staff and initiate an enforcement action.

G-III Apparel Group, Ltd. (GIII) stock fell 8.19 percent to $35.32 in the after-market trading. Loss for the first quarter narrowed to $0.5 million or $0.03 per share from $1.4 million or $0.07 per share last year. Sales rose 28 percent to $196.9 million. Analysts had expected profit of $0.04 per share on revenue of $195.36 million for the first quarter. The company expects second quarter earnings of $0.18 to $0.22 per share and revenue of about $215 million, while Street predicts profit of $0.22 per share on revenue of $221.24 million. For the fiscal 2012, the company reiterated its earnings guidance of $3.15 to $3.25 per share and revenue outlook of about $1.2 billion, while Street predicts profit of $3.25 per share on revenue of $1.21 billion.

BioMimetic Therapeutics Inc. (BMTI) stock tumbled 5.57 percent to $6.27 in the after-market trading.

Velti Plc (VELT) stock declined 4.76 percent to $14 in the after-market trading.

Glu Mobile, Inc. (GLUU) stock decreased 4.28 percent to $4.70 in the after-market trading.

Apple Inc. (AAPL) stock moved down 0.31 percent to $337 in the after-market trading. An appearance by Apple CEO Steve Jobs at its annual worldwide developers conference failed to boost the company's stock. The stock closed Monday's regular trading down 1.57 percent at $338.04. Mostly, Apple shares often get a lift when Jobs talks about the company’s direction and products, but this time Apple's announcement at the conference failed to boost investors' sentiment. The stock started declining from 1 pm EDT.

Apple previewed the latest version of its mobile operating system iOS 5. The company also released a beta version to iOS Developer Program members. The company plans to make the new operating system, which includes over 200 new features, available to the iPhone, iPad and iPod touch users this Autumn. Additionally, Apple CEO Steve Jobs unveiled the eighth and latest version of the Mac OS X operating system, called Lion. The Mac OS X Lion, which comes with more than 250 new features, will be available to customers in July as a download from the Mac App Store for $29.99.

In addition, Apple unveiled iCloud, a set of free new cloud services that work with applications on iPhone, iPad, iPod touch, Mac or PC to automatically and wirelessly store content in iCloud and automatically and wirelessly push it to all devices. The free iCloud services include, among others, the former MobileMe services, App Store and iBookstore, iTunes and Photo Stream service. iCloud includes 5GB of free cloud storage for Mail, Document Storage and Backup. Apple said it is ready to ramp iCloud in its three data centers, including the third recently completed in Maiden, NC. iCloud would be available this fall concurrent with iOS 5. iCloud keeps your important information and content up to date across all your devices. All of this happens automatically and wirelessly, and because it's integrated into our apps you don't even need to think about it—it all just works, Jobs said.