The top after-market NASDAQ stock market gainers are: ValueClick, American Capital, PC Mall, Life Partners Holdings, Photronics, and Dell. The top after-market NASDAQ stock market losers are: Atlas Air Worldwide Holdings, ReachLocal, RC2, LogMeIn, and Rovi.

Gainers

ValueClick, Inc. (VCLK) stock jumped 11.42 percent to $16.49 in the after-market trading, as its first quarter guidance came in above Street view. The company projects first quarter adjusted earnings of 21 cents to 22 cents a share and revenue of $111 million to $113 million, while Street predicts profit of 17 cents a share on revenue of $107.89 million.

ValueClick reported fourth quarter adjusted earnings of $25.55 million or 31 cents a share, up from $21.62 million or 25 cents a share last year. Revenue rose 17 percent to $128.75 million. Analysts had expected profit of 23 cents a share on revenue of $125.06 million.

Shares of American Capital, Ltd. (ACAS) climbed 10.09 percent to $9.60 in the after-hours trading, as its fourth quarter earnings exceeded Street view. Operating earnings was $67 million or 19 cents a share, up from $19 million or 7 cents a share last year. Profit was $381 million or $1.08 a share, up from $107 million or $0.38 a share last year. Total operating income declined 15 percent to $143 million. Analysts had expected profit of 17 cents a share on revenue of $140.86 million.

PC Mall Inc. (MALL) stock grew 8.24 percent to $8.41 in the after-market session, as its fourth quarter earnings came in above Street view. Adjusted profit was $3.92 million or 32 cents a share, up from $162,000 or 1 cent a share last year. Sales rose to $425.38 million from $337 million. Analysts had expected profit of 29 cents a share on revenue of $380.28 million.

Shares of Life Partners Holdings, Inc. (LPHI) gained 7.93 percent to $8.17 in the after-hours session. The company announced payment of a special cash dividend of 4 cents a share to shareholders of record as of Jan. 31. The company currently owns about 20 percent of the Life Settlement Trust which holds a portfolio of 266 life settlements with a face value of $689 million.

Life Partners said this special dividend is based on the accumulated payouts from the Life Settlement Trust and is in addition to the company’s regular quarterly dividends. Life Partners intends to review accumulated payouts from the trust on a quarterly basis and to consider making a special dividend distribution when the payout accumulation reaches at least $750,000 at the end of a quarter.

Photronics Inc. (PLAB) stock increased 6.36 percent to $8.69 in the after-market trading, as its first quarter earnings and revenue exceeded Street view. Adjusted profit was $12.2 million or 20 cents a share, up from $0.6 million or 1 cent a share last year. Sales rose 23 percent to $120.8 million. Analysts had expected profit of 13 cents a share on revenue of $111.71 million.

Shares of Dell Inc. (DELL) rose 5.75 percent to $14.71 in the after-hours trading, as its fourth quarter earnings topped Street view. Adjusted profit was $1.02 billion or 53 cents a share, higher than $544 million or 28 cents a share last year. Revenue rose to $15.69 billion from $14.90 billion. Analysts had expected profit of 37 cents a share on revenue of $15.72 billion.

For the first quarter Dell expects normal seasonal declines in its consumer and public businesses and, as such, a slight sequential decline in revenue. Dell expects fiscal 2012 revenue to grow 5 percent to 9 percent, implying revenue of $64.56 billion to $67.02 billion, while Street predicts $64.46 billion.

Losers

Atlas Air Worldwide Holdings Inc. (AAWW) stock tumbled 6.81 percent to $63.77 in the after-market session.

Shares of ReachLocal, Inc. (RLOC) lost 6.21 percent to $22.64 in the after-hours session, as it guided revenue for first quarter and fiscal 2011 below Street view. The company expects first quarter revenue of $83 million to $85 million, while Street predicts $86.20 million. The company projects fiscal 2011 revenue of $380 million to $400 million, while Street predicts $407.33 million.

ReachLocal posted fourth quarter loss of $3.63 million or 13 cents a share, wider than $1.64 million or 7 cents a share loss last year. Adjusted loss widened to $1.21 million or 4 cents a share from $275,000 or 1 cent a share last year. Revenue rose to $80.58 million from $60.01 million. Analysts had expected a loss of 16 cents a share on revenue of $80.16 million.

Separately, ReachLocal said it has opened an office in Berlin, Germany, delivering its online advertising technology and network of local Internet Marketing Consultants to German businesses. The company also said it acquired DealOn Media, LLC, a local deals company, for about $10 million. The acquisition provides ReachLocal with a turnkey platform to strategically enter the local deals space.

RC2 Corp. (RCRC) stock fell 5.86 percent to $20.08 in the after-market trading, as its fourth quarter earnings and revenue missed Street view. Adjusted profit was $10.9 million or 49 cents a share, up from $9.4 million or 43 cents a share last year. Sales rose 2.3 percent to $124.2 million. Analysts had expected profit of 55 cents a share on revenue of $135.92 million.

RC2 expects first quarter sales and profit to be hampered by continued soft retailer ordering and the impact of the $9.5 million discontinued product lines sell-off in last year. The company estimates full year 2011 earnings of $1.80 to $1.95 a share, while Street predicts $1.95 a share.

Shares of LogMeIn, Inc. (LOGM) declined 5.09 percent to $38.05 in the after-hours trading, as its first quarter guidance came in below Street view. The company projects first quarter adjusted earnings of 13 cents to 14 cents a share and revenue of $26.3 million to $26.6 million, while Street predicts profit of 15 cents a share on revenue of $26.90 million. The company expects fiscal 2011 adjusted profit of 68 cents to 73 cents a share and revenue of $116 million to $120 million, while Street predicts profit of 73 cents a share on revenue of $118.11 million.

LogMeIn posted fourth quarter adjusted earnings of $6.9 million or 28 cents a share, up from $3.5 million or 14 cents a share last year. Revenue grew 53 percent to $30.9 million. Analysts had expected profit of 24 cents a share on revenue of $29.67 million.

Rovi Corp. (ROVI) stock decreased 4.48 percent to $61.56 in the after-market session. Adjusted profit for the fourth quarter was $59.7 million or 54 cents a share, up from $52 million or 50 cents a share last year. Revenue rose to $140.2 million from $137.1 million. Analysts had expected profit of 54 cents a share on revenue of $138.47 million.

Rovi expects calendar 2011 prospective adjusted pro forma earnings of $2.20 to $2.50 a share, and prospective adjusted pro forma revenue of $775 million to $825 million, while Street analysts predict profit of $2.48 a share on revenue of $608.47 million. The forecast includes results of Sonic Solutions. In December, while announcing the acquisition of Sonic Solutions, Rovi noted that for 2011, the acquired company would generate over $15 million in synergies, while adding 5 cents to 10 cents a share to adjusted earnings.