Forecast Lights Up Syntax-Brillian

Syntax-Brillian (BRLC Quote) soared 20% early Monday after the maker of high-definition televisions boosted revenue guidance for the year.

The Tempe, Ariz., company said it expects revenue for the second quarter ended June 30 to be within its previously stated range of $190 million to $210 million, with gross margin in the top half of the company's 15%-17% projections.

The company also said it expects revenue for the year to come in at $1.1 billion to $1.3 billion, compared with previous guidance of $950 million to $1.1 billion. Syntax-Brillian cited strong demand for its products and "success penetrating additional retail accounts."

Strong demand and solid pricing for expensive TVs has propelled shares in companies across the industry, including Corning (GLW Quote), LG Philips (LPL Quote) and AU Optronics (AUO Quote). Syntax-Brillian soared to a 52-week high in January on hopes of a strong retail showing at Christmas, but shares have since lost half their value as the company has made two secondary stock offerings.

Syntax-Brillian rose $1.08 to $6.64.