The top after-market NASDAQ Stock Market gainers are: Vitesse Semiconductor, Smart Technologies, Solazyme, Cree, and Aceto. The top after-market NASDAQ Stock Market losers are: Motricity, Amtech Systems, Buffalo Wild Wings, Globe Specialty Metals, and Bon-Ton Stores.

Gainers

Vitesse Semiconductor Corp. (VTSS) stock jumped 19.51 percent to $3.92 in the after-market trading. Profit for the third quarter was $6.55 million or $0.26 per share, down from $33.03 million or $0.99 per share last year. Adjusted loss was $413,000 or $0.02 per share, compared to a profit of $772,000 or $0.03 per share last year. Revenue declined to $35.99 million from $37.53 million. Analysts had expected a loss of $0.09 per share on revenue of $36.54 million. For the fourth quarter, the company expects revenue of $35 million to $38 million, while Street predicts $38.32 million. The company’s long-term operating model, now assumes a quarterly-revenue run rate of $45.0 million or more, a reduction of $5 million from the previous model.

"We anticipate that revenue growth will begin in the fourth quarter," said Chris Gardner, CEO of Vitesse. "This is being fueled by our new product design cycle. During the quarter, we introduced 14 new products and exceeded our goal of 20 new product introductions for the year. The Company had another strong quarter of design wins, capturing over 100 new wins."

"The progress we are making in new design wins supports our plans to generate 25 percent of our revenue from new products by the end of 2012. We are excited about the future and believe we invested prudently in the right markets at the right time. Vitesse is now well positioned to benefit from a long-term secular growth opportunity in both our Carrier and Enterprise networking markets," added Gardner.

Smart Technologies Inc. (SMT) stock climbed 14.61 percent to $5.57 in the after-market trading. Profit for the first quarter was $23 million or $0.19 per share, up from $5 million or $0.03 per share last year. Adjusted earnings were $27.8 million or $0.22 per share, compared to $30.1 million or $0.18 per share last year. Revenue declined to $202.4 million from $219.2 million.

"Looking ahead, we will continue to expand into new geographies and segments as well as focus on positioning the core business for the next stage of growth," said Nancy Knowlton, President and CEO, SMART Technologies. "While investing in our technology and global infrastructure are important strategic initiatives, we are equally focused on closely managing our cost structure and improving overall operating efficiencies."

"As a result of this continued focus on costs, we are transferring the remainder of our interactive whiteboard assembly operations from our Ottawa facility to our existing third party contract manufacturers. Regarding our outlook for fiscal 2012, we continue to expect a difficult macro environment for education funding with revenue being flat to down 5 percent compared to fiscal 2011 and Adjusted profit to be consistent with fiscal 2011," said Knowlton.

Solazyme, Inc. (SZYM) stock advanced 11.85 percent to $16.33 in the after-market trading. In a regulatory filing, the company said it entered into a Joint Venture Framework Agreement on August 5 with Bunge Global Innovations, L.L.C. related to the formation of a joint venture entity, which would focus on the production of triglyceride oils in Brazil from sugar cane feedstock to be provided by an affiliate of Bunge. The parties have agreed to immediately begin engineering and permitting for an oil production facility to be built by the joint venture entity adjacent to a sugar cane processing mill in Brazil that is owned by an affiliate of Bunge. Upon successful completion of site-specific engineering designs and execution of final joint venture entity agreements, construction on the facility will commence.

Cree Inc. (CREE) stock grew 9.60 percent to $32.32 in the after-market trading. Profit for the fourth quarter was $19.8 million or $0.18 per share, down from $52.8 million or $0.48 per share last year. Adjusted earnings were $30.6 million or $0.28 per share, lower than last year's $60.1 million or $0.55 per share. Revenue declined to $243 million from $264.6 million. Analysts had expected profit of $0.27 per share on revenue of $233.82 million. For the first quarter, the company expects profit of $0.14 to $0.17 per share, adjusted earnings of $0.25 to $0.28 per share and revenue of $245 million to $255 million, while Street predicts profit of $0.31 per share on revenue of $253.40 million.

Aceto Corp. (ACET) stock gained 8.52 percent to $5.86 in the after-market trading.

Losers

Motricity, Inc. (MOTR) stock plunged 50.33 percent to $2.26 in the after-market trading. Adjusted earnings for the second quarter were $2.0 million or $0.04 per share, down from $3.7 million or $0.09 per share last year. Revenue grew 14 percent to $34.6 million. Analysts had expected a profit of $0.09 per share on revenue of $37.08 million. Looking ahead into the third quarter, the company expects to report approximately break-even results on adjusted EBITDA and adjusted loss of about $4 million. The company anticipates third quarter revenue of $31.5 million to $32.5 million, while Street predicts $45.48 million.

Amtech Systems Inc. (ASYS) stock plummeted 15.46 percent to $14 in the after-market trading. The company expects fourth quarter revenue of $53 million to $56 million, while Street predicts $61.10 million. For the fiscal 2011, the company reiterated its revenue outlook of $240 million to $243 million, while Street predicts $245.06 million. The company expects operating margins in the fourth quarter to be negatively impacted by: lower shipment volumes, expected higher material costs, and substantially higher research and development costs resulting from its solar development programs, including its solar ion implant project. The company also said operating results could also be impacted by the timing of system shipments, the net impact of revenue deferral on those shipments, and recognition of revenue based on customer acceptances, all of which can have a significant effect on operating results.

Amtech reported its third quarter earnings of $7.30 million or $0.74 per share, higher than last year's $3.88 million or $0.42 per share. Revenue grew to $71.87 million from $43.07 million, on higher system shipments to customers in the solar industry, partially offset by an increase in the amount of revenue deferred. Analysts had expected profit of $0.70 per share on revenue of $70.21 million.

Buffalo Wild Wings Inc. (BWLD) stock fell 10.88 percent to $52.516 in the after-market trading.

Globe Specialty Metals, Inc. (GSM) stock tumbled 9.43 percent to $17.5525 in the after-market trading.

Bon-Ton Stores Inc. (BONT) stock slid 9.22 percent to $6.50 in the after-market trading.