The top after-market NASDAQ stock market gainers are: Tuesday Morning, Radvision, Spectrum Pharmaceuticals, Skyworks Solutions, and China Valves Technology. The top after-market NASDAQ stock market losers are: Sify Technologies, Rediff.com India, Woodward Governor, Acacia Research, and Marshall Edwards.
Shares of Tuesday Morning Corp. (TUES) advanced 4.48 percent to $4.20 in the after-market trading. Profit for second quarter was $17.3 million or 40 cents a share, down from $18.5 million or 43 cents a share last year. Sales declined 3.6 percent to $279.31 million. Comparable store sales decreased 3.2 percent.
Tuesday Morning lowered its fiscal 2011 earnings guidance to range of 37 cents to 41 cents a share from previous forecast of 39 cents to 43 cents a share. The company also reduced its 2011 revenue outlook to range of $845 million to $853 million from previous range of $870 million to $880 million.
Radvision Ltd. (RVSN) stock soared 3.99 percent to $9.90 in the after-hours trading.
Shares of Spectrum Pharmaceuticals, Inc. (SPPI) gained 3.63 percent to $6.56 in the after-market session. The company said it submitted on Jan. 20 a post approval supplement containing data supporting the removal of the Indium-111 ZEVALIN pre-treatment imaging evaluation, more commonly referred to as the 'bioscan' requirement. The bioscan component currently is required by the FDA as part of the ZEVALIN therapeutic regimen for the treatment of non-Hodgkin's lymphoma.
Skyworks Solutions Inc. (SWKS) stock increased 2.77 percent to $30 in the after-hours session.
Shares of China Valves Technology, Inc. (CVVT) rose 2.70 percent to $7.61 in the after-market trading.
Sify Technologies Ltd. (SIFY) stock lost 4.89 percent to $2.53 in the after-hours trading.
Shares of Rediff.com India Ltd. (REDF) slid 4.84 percent to $7.08 in the after-market trading. In 2011, inflation concerns have punished Indian equities and while some relief in food prices has started to creep into the market, most analysts are expecting the Reserve Bank of India, the country's central bank, to raise interest rates by 0.25 percent at its meeting next Tuesday, according to Indie Research. Some economists said a 0.50 percent hike also can't be ruled out, according to the Wall Street Journal.
Woodward Governor Co. (WGOV) stock fell 4.76 percent to $33.80 in the after-hours session, following its lower-than-expected first quarter earnings and revenue. Profit was $22.4 million or 32 cents a share, flat with last year. Earnings in the latest quarter included a charge of 3 cents a share related to a change in the estimate of future workman's compensation costs. Sales rose 8 percent to $365.1 million. Analysts had expected prfoit of 39 cents a share on revenue of $380.18 million.
Woodward Governor still expects fiscal 2011 earnings of $1.75 to $1.90 a share and revenue of $1.55 billion to $1.65 billion. Street analysts expect profit of $1.84 a share on revenue of $1.61 billion.
Shares of Acacia Research Corp. (ACTG) declined 4.17 percent to $25.74 in the after-market session.
Marshall Edwards Inc. (MSHL) stock decreased 3.57 percent to $2.70 in the after-hours trading.