Shares of companies active in Wednesday's early trade are: Jabil Circuit, Cree, Adobe, Veeco Instruments, XOMA, Tata Communications, China Southern Airlines Co., Cintas, Global Industries and Northern Oil & Gas.
* Shares of Jabil Circuit Inc. (NYSE:JBL) soared 10.94 percent to $21.00 in early trade. The company reported second quarter net income of $55.4 million or $0.25 per share, up from $29.8 million or $0.14 per share in the same period a year-ago.
* ADR's of Tata Communications Ltd. (NYSE: TCL) rose 11 percent to $10.71in early trade. The company was upgraded to Neutral at HSBC Securities.
* ADR's of China Southern Airlines Company Ltd. (NYSE: ZNH) surged 7.2 percent to $22.60. In the past 52 weeks, the stock has been trading in the range of $18.83 to $39.30.
* Global Industries, Ltd. (NASDAQ: GLBL) rose 5.24 percent to $9.23 in early trade. The provider of construction and subsea services has a 52-week high of $9.18 and a 52-week low of $4.05.
* Cintas Corp. (NASDAQ: CTAS) stock jumped 4.16 percent to $29.31, after its third quarter earnings and revenue exceeded Street view. Profit was 41 cents a share, on revenue of $937.83 million. Analysts had expected profit of 36 cents a share on revenue of $907.56 million. Cintas tightened its full year 2011 earnings forecast to range of $1.60 to $1.63 a share from previous forecast of $1.55 to $1.63 a share. The company raised its revenue outlook to range of $3.75 billion to $3.77 billion from $3.55 billion to $3.75 billion previously. Analysts predict profit of $1.58 a share on revenue of $3.73 billion.
* Shares of Cree Inc. (NASDAQ: CREE) tumbled 7.12 percent to $45.51 in early trade, as it lowered third quarter revenue forecast primarily due to lower sales of LED chips and LED components. The company sees quarterly revenue to range from $215 million to $220 million from previous forecast of $245 million to $265 million, while Street predicts $254.82 million. The 52-week trading range is $45.48 to $83.38.
* Adobe Systems Inc. (NASDAQ:ADBE) fell 4.8 percent to $31.30, after its second quarter earnings and revenue forecast fell short of expectations. It expects second quarter profit to be in the range of $0.47 to $0.54 per share on $970 million to $1.02 billion revenue, while analysts expect $0.57 a share on revenue of $1.04 billion.
* Veeco Instruments Inc. (NASDAQ: VECO) declined 4 percent to $47.37. In the past 52 weeks, the stock has been trading in the range of $29.54 to $54.50.
* XOMA Ltd (NASDAQ: XOMA) plunged 29.68 percent to $3.53, after the biopharmaceutical company reported that its potential diabetes treatment failed to lower blood sugar in a mid-stage study.
* Northern Oil & Gas, Inc., (AMEX: NOG) fell 7.2 percent to $26.52 in early trade. In the past 52 weeks, the stock has been trading in the range of $11.72 to $33.98. The energy company is focused on the activities primarily on projects based in the Rocky Mountain Region of the United States, specifically the Bakken and Three Forks/Sanish formations within the Williston Basin.