The top after-market NASDAQ Stock Market gainers are: Novatel Wireless, Wright Medical Group, Anika Therapeutics, Mercadolibre, THQ, Huron Consulting Group, and Qualcomm. The top after-market NASDAQ Stock Market losers are: Dendreon, ValueVision Media, WebMD Health, Nutrisystem, and Big 5 Sporting Goods.

Gainers

Novatel Wireless Inc. (NVTL) stock jumped 23.39 percent to $4.2938 in the after-market trading. The shares regained after a 17.34 percent fall during Wednesday's regular trading due to its third quarter earnings and fourth quarter guidance.

Wright Medical Group Inc. (WMGI) stock climbed 19.33 percent to $16.9203 in the after-market trading. The shares regained after a 14.53 percent fall during Wednesday's regular trading due to its third quarter earnings and fiscal 2011 guidance.

Anika Therapeutics Inc. (ANIK) stock surged 15.89 percent to $7 in the after-market trading. Profit for the third quarter was $2.98 million or $0.23 per share, up from $1.18 million or $0.09 per share last year. Revenue grew to $18.46 million from $13.87 million.

The FDA recently commenced its inspection of our manufacturing facility in Bedford, Mass. And we are scheduled to complete the migration of the majority of our manufacturing from Woburn, Mass., to Bedford in the first quarter of 2012. Overall, we are well on our way toward making 2011 a successful year for Anika, said Charles Sherwood, chief executive officer of Anika Therapeutics.

Mercadolibre, Inc. (MELI) stock soared 15.11 percent to $73 in the after-market trading. Profit for the third quarter was $26.3 million or $0.60 per share, up from $18.8 million or $0.43 per share last year. Revenue grew 45.9 percent to $81.63 million. Analysts had expected profit of $0.43 per share on revenue of $78.67 million.

THQ Inc. (THQI) stock improved 11.74 percent to $2.38 in the after-market trading. Adjusted loss for the second quarter widened to $46.9 million or $0.69 per share from $40.6 million or $0.60 per share last year. Sales grew to $146.0 million from $77.1 million, while adjusted sales rose to $119.6 million from $70.4 million. Analysts had expected a loss of $0.80 per share on revenue of $104.61 million.

Huron Consulting Group Inc. (HURN) stock grew 9.68 percent to $38.08 in the after-market trading. Earnings from continuing operations for the third quarter were $153,000 or break-even per share, down from $11.05 million or $0.53 per share last year. Adjusted profit from continuing operations was $16.46 million or $0.75 per share, up from $12.97 million or $0.62 per share last year. Revenue rose to $158.86 million from $145.44 million. Analysts had expected profit of $0.51 per share on revenue of $156.87 million.

Looking ahead into the fiscal 2011, the company lowered its earnings guidance to range of $1.00 to $1.10 per share from previous forecast of $1.60 to $1.75 per share. The company narrowed its 2011 adjusted earnings from continuing operations estimate to range of $2.05 to $2.15 per share from previous forecast of $2.05 to $2.20 per share. The company also reduced its 2011 revenue outlook to range of $590 million to $600 million from previous range of $600.0 million to $620.0 million. Street analysts predict profit of $1.69 per share on revenue of $615.92 million for the fiscal 2011.

Qualcomm Inc. (QCOM) stock grew 9.49 percent to $57.13 in the after-market trading. Profit for the fourth quarter was $1.06 billion or $0.62 per share, up from $865 million or $0.53 per share last year. Adjusted earnings were $0.80 per share, up from $0.68 per share last year. Revenue grew to $4.12 billion from $2.95 billion. Analysts had expected profit of $0.78 per share on revenue of $4 billion. Looking ahead into the first quarter, the company expects adjusted earnings of $0.86 to $0.92 per share and revenue of $4.35 billion to $4.75 billion, while Street predicts profit of $0.85 per share on revenue of $4.25 billion. For the fiscal 2012, the company projects adjusted earnings of $3.42 to $3.62 per share and revenue of $18 billion to $19 billion, while Street predicts profit of $3.48 per share on revenue of $17.30 billion.

Losers

Dendreon Corp. (DNDN) stock plunged 22.08 percent to $8.15 in the after-market trading. Loss for the third quarter widened to $147.1 million or $1.00 per share from $79.3 million or $0.56 per share. Adjusted loss widened to $81.3 million or $0.56 per share from $66.1 million or $0.47 per share last year. Revenue grew to $64.3 million from $20.2 million. Analysts had expected a loss of $0.69 per share on revenue of $62.98 million.

ValueVision Media Inc. (VVTV) stock plummeted 20.18 percent to $2.61 in the after-market trading. The company expects third quarter sales growth of about 2 percent to $135 million, while Street predicts $144.14 million. The company said its third quarter sales reflect lower than expected sales in Consumer Electronics and Watches, which offset sales gains in the Jewelry, Home, Health & Beauty, and Fashion & Accessories merchandise categories.

Our Q3 revenue was also affected by an approximate 12 percent sales decline in our Watches category. We are disappointed with these results and recognize there is more progress to be made in diversifying the watch vendor base and product assortment. However, we are encouraged by the addition of a dozen new watch brands to this business segment over the past year. Lastly, we expect our four remaining product categories delivered healthy sales gains and good margins during Q3, based on solid product assortments that provide a good base for future growth, said Keith Stewart, ValueVision Media's chief executive officer.

ValueVision also anticipates third quarter gross profit of $50 million and net loss of $6.3 million to $6.5 million. For the trailing twelve months, the company expects sales growth of about 9 percent to $590 million and net loss of $40.9 million to $41.1 million.

Cash and cash equivalents including restricted cash at end of third quarter totaled $32.7 million versus $42.5 million at the end of second quarter of 2011, reflecting planned investments in inventories, working capital and capital expenditures in advance of the peak fourth quarter selling season, said William McGrath, ValueVision's chief financial officer.

WebMD Health Corp. (WBMD) stock dropped 15.56 percent to $28.50 in the after-market trading. The company expects fourth quarter earnings of $0.25 to $0.34 per share and revenue of $147 million to $157 million, while Street predicts profit of $0.46 per share on revenue of $170.98 million. For the fiscal 2011, the company lowered its earnings guidance to range of $1.16 to $1.25 per share from previous forecast of $1.26 to $1.39 per share. The company also reduced its 2011 revenue outlook to range of $555.1 million to $565.1 million from previous range of $580 million to $600 million. Street analysts predict profit of $1.32 per share on revenue of $581.37 million.

The company said it believes that the lower than expected fourth quarter revenue resulting from sales activity in both the third and fourth quarters is primarily a result of a more cautious business outlook by many of its large customers for the second half of 2011.

WebMD Health reported earnings from continuing operations for the third quarter of $11.24 million or $0.19 per share, down from $14.61 million or $0.24 per share last year. Adjusted profit was $11.9 million or $0.20 per share, down from $16.0 million or $0.26 per share last year. Revenue marginally declined to $135.14 million from $135.31 million. Analysts had expected profit of $0.17 per share on revenue of $135.94 million for the third quarter.

Nutrisystem, Inc. (NTRI) stock fell 14.86 percent to $10.20 in the after-market trading. Profit for the third quarter was $6.07 million or $0.21 per share, down from $9.16 million or $0.32 per share last year. Revenue fell to $85.64 million from $121.19 million. Analysts had expected profit of $0.24 per share on revenue of $103.85 million. The company also said its board of directors has declared a quarterly dividend of $0.175 per share, payable Nov. 25, to shareholders of record as of Nov. 14. Looking ahead into the full year 2011, the company lowered its earnings guidance to range of $0.45 to $0.50 per share from previous forecast of $0.65 to $0.70 per share, while Street predicts $0.66 per share.

To take full advantage of our planned new program launch for the 2012 diet season and continued support of additional growth initiatives we have made the strategic decision to accelerate certain expenditures into the third and fourth quarters. The impact of this investment on Q3 results was $600,000 pretax or two cents per diluted share, and we expect Q4 net income to be impacted by $5 million pretax or 11 cents per share, said David Clark, Chief Financial Officer of Nutrisystem.

Big 5 Sporting Goods Corp. (BGFV) stock tumbled 12.12 percent to $7.4963 in the after-market trading.

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