Mellanox Technologies Ltd (NASDAQ:MLNX) among the gainers and the stock augmented 41.46% and closed at $93.90. The company reported second quarter revenue of $133.5 million compared to $63.3 million in the second quarter of 2011.GAAP gross margins was 68.8% compared to 64.9% in the second quarter of 2011. GAAP net income was $32.1 million or $0.74 per diluted share compared to net income of $2.1 million or $0.06 per diluted share in the second quarter of 2011. Total cash and investments were $327.8 million at June 30, 2012.
Select Comfort Corp (NASDAQ:SCSS) jumped up 26.78% to $27.60 after the Company announced second quarter results. Profit was $17 million or 30 cents per share versus $11.3 million or 20 cents per share in the prior year period. Revenue increased 27% to $205.2 million due to company-controlled same-store sales growth of 25%. However, analysts predicted earnings of 27 cents per share on revenue of $198 million. Gross margin was 64.1% from 63.5% in the prior year period. The Company increased its adjusted earnings guidance to a range of $1.41 to $1.47 for the fiscal year.
New Oriental Education & Tech Grp (ADR) (NYSE:EDU) escalated 17.89% to $11.20 after the Company provided the guidance for first quarter of 2013. The Company expects revenue to be in the range of $342.7-$356.3 million for the first quarter of 2013. The analysts are expecting the Company to report revenue of $354 million for first quarter of 2013.
Skyworks Solutions Inc (NASDAQ:SWKS) increased 9.50% and closed at $29.17. The Company reported third quarter profit of $49.3 million or 26 cents per share compared to $51.5 million or 27 cents per share in the prior year period. Revenue moved up 9.3% to $389 million. Gross margin was 42.5% compared to 43.9%. The Company expects adjusted earnings of 50 cents to 51 cents per share on revenue of $415 million to $420 million for the fourth quarter.
Walgreen Company (NYSE:WAG) increased 11.79% to $34.62 on a traded volume 56.42 million shares. Walgreen Co and Express Scripts Holding Co announced a new multiyear reimbursement agreement. Both the Companies ended a seven-month dispute that had prevented millions of patients from getting their prescriptions filled at the nation's largest pharmacy chain by store count.