Before The Bell

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Gainers: Adobe Systems Inc. (ADBE) is gaining 7 percent to $46.32. The company's second quarter earnings declined from the prior year period, but its adjusted earnings per share were above analysts' estimate. Revenue for the quarter declined from the year-ago quarter, but was in-line with the consensus...

Cree Inc. (CREE) posted gains in early trade Tuesday and advanced further around midday. The stock ended the session higher by 2.77 at $65.70. Cree rose past the upper end of a 3-week trading range Tuesday and set a new high for the year.

CoStar Group Inc. (CSGP) traded to the upside throughout Tuesday's session and finished higher by 5.75 at $124.20 on above average volume. CoStar Group climbed to its second consecutive new high for the year Tuesday.

Shares of Applied Micro Circuits (AMCC) climbed for the majority of Tuesday's session. The stock ended the day with a gain of 1.62 at $9.72 on the highest volume of the year. Applied Micro Circuits surged past resistance Tuesday and set a new high for the year.

FactSet Research Systems (FDS) reported third quarter adjusted EPS of $1.15 Tuesday morning, which matched the consensus estimate. Revenues increased 6 percent to $214.61 million from $202.31 million last year, but missed the consensus estimate of $214.94 million. The company expects to report fourth...

Hormel Foods Corp. (HRL) lowered its full year 2013 EPS forecast to between $1.88 and $1.96 Tuesday morning, from prior expectations of $1.93 to $2.03. The consensus estimate is for EPS of $1.99. Hormel Foods gapped open sharply lower Tuesday, but moved in a narrow range throughout the session. The...

GenMark Diagnostics Inc. (GNMK) announced after the bell Monday that it now expects to report full year 2013 revenues of approximately $30 million, down from its original estimate of approximately $35 million. The consensus estimate is for revenues of $35.11 million. GenMark Diagnostics gapped open...

Raymond James upgraded its rating on shares of FLIR Systems Inc. (FLIR) Tuesday morning to "Strong Buy" from "Market Perform." FLIR Systems gapped open higher Tuesday and spiked to the upside, before settling into a narrow range. Shares finished up by 1.54 at $26.49 on above average volume. The stock...

TransDigm Group Inc. (TDG) announced Tuesday morning that it has requested amendments to its senior secured credit facilities in connection with considering whether to pay a special dividend. TransDigm Group gapped open sharply higher Tuesday and rose in early trade, before profit taking set in. The...

Gainers: Camtek Ltd. (CAMT) is rising 10 percent to $2.41 based on the news that it has entered into a frame engagement for 10 semiconductor inspection systems with an Asian OSAT company. The first systems' order, in excess of $2 million, will be installed during the second and third quarters, with...

Shares of Genpact Ltd. (G) rose steadily during the first 2 hours of trade Monday, before settling into a range. The stock finished up by 1.26 at $20.09, with volume at nearly a 4-month high. Genpact surged past the upper end of a month and a half long range and set a new high for the year.

Core Laboratories (CLB) traded to the upside until around 1:30PM Monday, but settled into a range for the remainder of the session. The stock finished with a gain of 8.95 at $149.78 on above average volume. Core Laboratories broke out past resistance Monday and set a new high for the year.

Shares of SanDisk Corp. (SNDK) rose steadily during the first hour of trade Monday, but settled into a range for the remainder of the session. The stock closed up by 2.42 at $61.23. SanDisk climbed past the upper end of a 1-month trading range Monday and set a new high for the year.

Shutterfly Inc. (SFLY) rose during the first half hour of trade Monday and extended its gains in the early afternoon. The stock closed up by 2.44 at $53.35. Shutterfly climbed past the upper end of over a 1-week range and set a new high for the year.

iRobot Corp. (IRBT) gapped up slightly Monday and climbed throughout the first half of the session. The stock ended the day with a gain of 2.80 at $37.80 on above average volume. iRobot rose past the upper end of a 1-month trading range Monday and set a new high for the year.