Early Bird Stocks on the Move Wednesday: CSC, Finisar, Glu, Nuance and Others

Computer Sciences Corp. (NYSE: CSC) posted a rise in earnings, aided by lower costs and improved margins from a year ago. Its stock has recovered handily from the turnaround days, and shares were up almost 6% in the evening trading session on Tuesday, and they are indicated higher on Wednesday as well.

Finisar Corp. (NASDAQ: FNSR) was up almost 20% in thin volume after-hours trading on Tuesday night once its halt was released. This may mark a 52-week high for the stock, with a gain of 15% to $22.00 in early Wednesday trading.

First Solar Inc. (NASDAQ: FSLR) shares were down almost 8% on Tuesday after a disappointing earnings report, despite a collaboration with GE. Shares are down 8.2% at $42.90 in early bird trading on Wednesday.

Glu Mobile Inc. (NASDAQ: GLUU) looked good and above estimates on the surface for its most recent quarterly earnings, but unfortunately it lowered sales estimates and expects a loss in the coming quarter. Glu shares are down 8.7% at $2.52 on Wednesday.

Medifast Inc. (NYSE: MED) saw its stock down 5% in evening trading on Tuesday after the weight loss player had soft sales and guided expectations lower. Shares were still indicated down about 5%, but volume has not yet started.

Nanosphere Inc. (NASDAQ: NSPH) is not exactly a household name in molecular diagnostics, and apparently it needs better name recognition for boosting sales. Its sales were disappointing and the stock was down almost 18% at $2.40, and now we have indications down around $2.35 in Wednesday trading indications.

Nuance Communications Inc. (NASDAQ: NUAN) is challenging a 52-week low after guidance for the year is coming in light on the speech-recognition software leader. Shares were down more than 6% at $18.10 in late Tuesday trading, against a 52-week low of $18.00. The last price was still down almost 6.4% at $18.10, so maybe the prior 52-week low can hold,

Pixelworks Inc. (NASDAQ: PXLW) showed that its second-quarter revenue rose by 15.5% due to increased sales of chips for both projectors and TVs. Shares were up 26% at $4.50 in the Tuesday after-hours session, but we would warn that volume is not as active and a wide spread may have amped the gain. Now we have shares up a whopping 44% at $5.15, and volume has become active as a result.

Zillow Inc. (NASDAQ: Z) posted a loss after charges and expenses rose and shares were down 10% at $81.50 in the after-hours session. Zillow still managed top-line growth, but the stock is trading down 9.25% at $82.30.