The top pre-market NASDAQ stock market gainers are: Finisar, Tianli Agritech, EDAP TMS, BSD Medical, Nvidia, Republic Airways Holdings, City Telecom HK, Ryanair Holdings, Magic Software Enterprises, and Globe Specialty Metals.
Finisar Corp. (FNSR) surged 12.94 percent to $20.25 in the pre-market trading. The company expects second quarter adjusted profit of 41 cents to 43 cents a share. The company increased its revenue guidance to range of $240 million to $241 million from previous forecast of $215 million to $230 million. Analysts expect profit of 34 cents a share on revenue of $223.67 million.
Finisar anticipates third quarter revenue of $247 million to $262 million, higher than analysts forecast of $231.46 million.
Tianli Agritech, Inc. (OINK) grew 12.16 percent to $7.93 in the pre-market session. The company's third quarter earnings were $2.2 million or 23 cents a share, up from $1.1 million or 13 cents a share last year. Revenue rose 76 percent to $5.5 million.
EDAP TMS SA (EDAP) rose 5.35 percent to $3.15 in the pre-market session.
BSD Medical Corp. (BSDM) soared 4.30 percent to $7.04 in the pre-market trading.
Nvidia Corp. (NVDA) moved up 4.27 percent to $13.15 in the pre-market trading. The company's third quarter profit was $84.9 million or 15 cents a share, down from $107.6 million or 19 cents a share last year. Revenue declined 6.6 percent to $843.9 million. Analysts had expected profit of 14 cents a share on revenue of $844.04 million.
Nvidia expects fourth quarter revenue growth of 3 percent to 5 percent from last quarter, which equates to range of $869.2 million to $886.1 million. Analysts expect revenue of $866.06 million.
Republic Airways Holdings Inc. (RJET) improved 3.85 percent to $8.10 in the pre-market session. The company said it has priced the public offering of 12 million common shares at $7.80 a share.
Republic Airways expects to receive offering net proceeds of about $88.5 million after deducting expenses. The company plans to use net proceeds of the offering for general corporate purposes.
City Telecom HK Ltd. (CTEL) gained 3.41 percent to $13.64 in the pre-market trading. The company and its subsidiary Hong Kong Broadband Network Ltd. announced the launch of a phenomenal value service package for symmetric 100Mbps broadband, bbWi-Fi and a perfectly sized 7-inch display - Samsung GALAXY Tab at $35.
Ryanair Holdings plc (RYAAY) increased 2.63 percent to $30.88 in the pre-market trading.
Magic Software Enterprises Ltd. (MGIC) moved up 2.38 percent to $4.30 in the pre-market session.
Globe Specialty Metals, Inc. (GSM) rose 2.36 percent to $16.93 in the pre-market session.