11:40 AM New York – Ciena second quarter net loss narrowed to $27.8 million and Joy Global second quarter net soared 32% but it cut its fiscal outlook. Movado first quarter net surged more than twelve-fold and raised fiscal 2013 view. Monsanto updated third quarter and fiscal guidance.

Ciena Corporation (CIEN) gained 6.8% or 81 cents to $12.69 after the communication equipments provider reported revenues in the second quarter ending in April grew 14.6% to $477.6 million compared to $417.9 million in the same period last year. Net loss in the quarter narrowed to $27.8 million or 28 cents per diluted share compared to $62.7 million or 66 cents per share a year ago earlier.

Ciena expects fiscal third quarter 2012 revenue in the range of $455 to $485 million.

Canadian Imperial Bank of Commerce (CM) increased 1% or 73 cents to $69.03 after the Canada based bank reported revenues in the second quarter ending in April rose 2.3% to $3.08 billion compared to $3.01 million in the same period last year. Net income in the quarter fell 3% to $811 million or $1.90 per diluted share compared to $835 million or $1.80 per share a year ago.

Joy Global Inc. (JOY) declined 7.1% or $4.19 to $54.68 after the mining equipments maker reported revenues in the second quarter ending on April 27 surged 45% to $1.54 billion compared to $1.06 billion in the same period last year. Net income in the quarter soared 32% to $213.6 million or $2.0 per diluted share compared to $162.0 million or $1.52 per share a year ago period.

Due to current softness in market the company said revenues for 2012 is estimated to decrease to between $5.5 billion and $5.7 billion and earnings per share between $7.15 and $7.45.

Lions Gate Entertainment Corp. (LGF) rose 11 cents to $12.96 after the entertainment company reported revenues in the fourth quarter ending in March soared 71% to $645.2 million compared to $376.9 million in the same period last year. Net loss in the quarter swung to $22.7 million or 17 cents per diluted share compared to net income of $48.7 million or 34 cents per share a year ago earlier.

For the year ended 2012 revenues nearly flat to $1.59 billion compared to last year. Net loss in the year widened to $39.1 million or 30 cents per diluted share compared to $30.4 million or 23 cents per share a year ago.

Movado Group, Inc. (MOV) rose 7 cents to $28.54 after the fine watches designer reported net sales in the first quarter ending in April increased 15.4% to $103.7 million compared to $89.9 million in the same period last year. Net income in the quarter surged more than twelve-fold to $6.6 million or 26 cents per diluted share compared to $0.5 million or 2 cents per share a year ago quarter.

The watch designer anticipates net sales will increase about 9% to $505 million to $510 million and net income in fiscal 2013 to increase approx 25% to a range of $29.0 million to $29.7 million or approximately $1.15 per diluted share.

Monsanto Company (MON) slid 1.1% or 91 cents to $75.50 after the agricultural products provider cited continued strong third quarter sales and the company projected earnings of $1.69 to $1.74 as reported basis and the company increased fiscal 2012 earnings guidance to the range of $3.73 to $3.78, an increase of up to 25% and continued strong growth in fiscal year 2013.

TiVo Inc. (TIVO) dropped 5% or 45 cents to $8.51 after the software and technology maker reported net revenues in the first quarter ending in April surged 48% to $67.8 million compared to $45.8 million in the same period last year. Net loss in the quarter swung to $20.8 million or 17 cents per diluted share compared to net income of $139.0 million or $1.04 per share a year ago quarter.

TiVo anticipated second quarter of fiscal 2013 revenues to increase between $53 million and $55 million and net loss to be in the range of $28 million to $30 million.