Pre-Market NASDAQ Movers (SODA, YONG, KITD, PANL, CTEL, ROVI, NILE, STEC, ALSK, GRRF)

The top pre-market NASDAQ Stock Market gainers are: SodaStream International, Yongye International, KIT digital, Universal Display, and City Telecom HK. The top pre-market NASDAQ Stock Market losers are: Rovi, Blue Nile, STEC, Alaska Communications Systems Group, and China GrenTech.

Gainers

SodaStream International Ltd. (SODA) stock jumped 13.22 percent to $38.62 in the pre-market trading. Profit for the third quarter was 7.8 million euros or 0.37 euros per share, up from 2.1 million euros or 0.16 euros per share last year. Adjusted earnings were 8.8 million euros or 0.42 euros per share, or $0.56 per share as per a convenience translation, versus 4.2 million euros or 0.32 euros per share last year. Revenue grew 39 percent to 58.3 million euros. The company now expects 2011 revenue to increase by about 36 percent from 2010 revenue of 160.7 million euros, up from its previous expectation of 30 percent. Also, the company currently expects net income to increase by around 100 percent, up from its prior expectation of 60 percent. This guidance includes a share-based payment expense of nearly 4.0 million euros in 2011. On an adjusted basis, fiscal 2011 net income is now expected to be about 24 million euros, up from its earlier estimate of about 20 million euros.

Yongye International, Inc. (YONG) stock surged 11.63 percent to $5.95 in the pre-market trading. Profit for the third quarter was $39.12 million or $0.69 per share, up from $17.58 million or $0.37 per share last year. Adjusted earnings were $39.71 million or $0.70 per share, up from $47.25 million or $0.39 per share last year. Sales grew to $140.59 million from $71.75 million. Looking ahead into the full year 2011, the company raised its earnings guidance to range of $100 million to $102 million from previous forecast of $85 million to $87 million. The company also lifted its 2011 revenue outlook to range of $390 million to $400 million from previous range of $335 million to $345 million. The Company also expects to expand its branded retailer network to at least 30,000 by the end of 2011, which represents a 24.8 percent increase over last year's number of 24,036.

KIT digital, Inc. (KITD) stock climbed 10.65 percent to $9.25 in the pre-market trading. Profit for the third quarter was $4.79 million or $0.11 per share, compared to a loss of $7.97 million or $0.34 per share last year. Revenue grew to $62.28 million from $27.75 million. Analysts had expected profit of $0.05 per share on revenue of $61.25 million. Looking ahead into the fourth quarter, the company expects adjusted earnings of $0.33 per share and revenue of at least $67 million, while Street predicts profit of $0.21 per share on revenue of $68.27 million. For the full year 2011, the company expects revenue of $212 million, while Street predicts $212.31 million. For the full year 2012, the company expects adjusted earnings of at least $1.45 per share and revenue of at least $300 million, while Street predicts profit of $0.81 per share on revenue of $299.99 million.

Universal Display Corp. (PANL) stock gained 4.98 percent to $51.90 in the pre-market trading. Profit for the third quarter was $5.99 million or $0.12 per share, compared to a loss of $7.19 million or $0.19 per share last year. The latest quarter's results included a non-cash gain of $240,000, while last year's results included a non-cash loss of $3.4 million on stock warrant liability. Revenue rose to $21.78 million from $7.06 million. Analysts had expected a loss of $0.01 per share on revenue of $12.41 million. Looking ahead into the fourth quarter, the company expects revenue to be below preceding third quarter due to season factors, while analysts predict $15.79 million. The company said its new arrangement with Samsung SMD provides the first real visibility into its potential future financial performance. For fiscal 2011, the company projects revenues of $58 million to $62 million, while Street predicts $49.63 million. For the fiscal 2012, the company expects revenue of $90 million to $110 million, while Street predicts $100.44 million.

City Telecom HK Ltd. (CTEL) stock increased 4.95 percent to $10.9985 in the pre-market trading.

Losers

Rovi Corp. (ROVI) stock plunged 24.05 percent to $34.95 in the pre-market trading. Profit for the third quarter was $1.8 million or $0.02 per share, lower than last year's $36.4 million or $0.33 per share. Adjusted profit was $70.9 million or $0.63 per share, up from $59.9 million or $0.53 per share last year. Revenue grew to $196.5 million from $138 million, while adjusted revenue rose to $196.5 million from $182.5 million. Analysts had expected profit of $0.61 per share on revenue of $197.94 million.

Blue Nile Inc. (NILE) stock plummeted 23.13 percent to $37.52 in the pre-market trading. Profit for the third quarter was $1.9 million or $0.13 per share, lower than last year's $2.8 million or $0.19 per share. Sales rose 11.2 percent to $75 million. Analysts had expected profit of $0.18 per share on revenue of $72.60 million. Looking ahead into the fourth quarter, the company expects earnings of $0.41 to $0.43 per share and revenue of $121 million to $125 million, while Street predicts profit of $0.46 per share on revenue of $122.56 million. For the full year 2011, the company projects earnings of $0.87 to $0.89 per share and revenue of $356 million to $360 million, while Street predicts profit of $0.98 per share on revenue of $357.02 million.

Separately, Blue Nile said its Chief Executive Officer, President and Director, Diane Irvine, has resigned, effective Nov. 11. Vijay Talwar, Senior Vice President and General Manager of International, has been appointed interim Chief Executive Officer. During the transition period, Chairman Mark Vadon will take an active role in the leadership of the company, working closely with Talwar. With the support of the Board, Vadon will also lead the search for a permanent CEO.

STEC, Inc. (STEC) stock dropped 19.66 percent to $9.40 in the pre-market trading. Profit for the third quarter was $4.84 million or $0.09 per share, lower than last year's $13.62 million or $0.26 per share. Adjusted earnings from continuing operations were $0.14 per share, down from $0.31 per share last year. Revenue fell to $72.53 million from $86.07 million. Analysts had expected profit of $0.10 per share on revenue of $70.71 million. Looking ahead into the fourth quarter, the company expects revenue of $55 million to $57 million and adjusted results between break-even and loss of $0.02 per share, while Street predicts profit of $0.11 per share on revenue of $72.55 million.

Alaska Communications Systems Group, Inc. (ALSK) stock fell 12.60 percent to $6.45 in the pre-market trading. Loss for the third quarter narrowed to $816,000 or $0.02 per share from $3.02 million or $0.07 per share last year. Revenue rose to $90.31 million from $89.77 million. Analysts had expected profit of $0.12 per share on revenue of $88.14 million. Looking ahead into the fiscal 2011, the company reiterated its revenue outlook to modestly exceed 2010 levels of $342 million, while Street predicts $344.33 million.

China GrenTech Corporation Ltd. (GRRF) stock tumbled 12.06 percent to $2.26 in the pre-market trading. Profit for the third quarter was 9.1 million Chinese yuan or 0.39 Chinese yuan per American Depository Share (ADS), down from 12.9 million Chinese yuan or 0.54 Chinese yuan per ADS last year. Revenue rose 2.4 percent to 406.2 million Chinese yuan. Looking ahead into the fourth quarter, the company expects revenue of 800 million Chinese yuan to 880 million Chinese yuan.