BOSTON (TheStreet) -- Guidance Software (GUID) was one of several stocks trading below $5 poised to move on above-average volume Tuesday after the company released second-quarter earnings that topped analyst estimates.

Guidance Software posted second-quarter adjusted earnings of 3 cents a share on revenue of $22.7 million, surprising analysts who had expected a second-quarter loss of 3 cents a share on sales of $19.6 million.

Looking ahead, Guidance Software said it expects full-year adjusted earnings of 3 cents to 4 cents a share and revenue of $84 million to $88 million, compared with the consensus target for a full-year loss of a penny a share on revenue of $82.3 million.

Shares of Guidance Software rallied by $1.30, or 28.1%, to $5.93 in Monday's after-market session. The average daily share volume for Guidance Software is 120,000.

Elsewhere, Valence Technology ( VLNC) rose by 6 cents, or 7.9%, to 82 cents in Monday's late trading session after the lithium-ion technology company announced a $13 million purchase order from Smith Electric Vehicles for Valence's energy storage modules. The average daily share volume for is 845,000.

Orthovita ( VITA) dropped by 24 cents, or 12.4%, to $1.70 in Monday's after-market session after the orthobiologic company reported a second-quarter loss of a penny a share, compared to the consensus estimate for a break-even quarter. Revenue of $23.9 million was below the Thomson Reuters average estimate of $26.1 million.

Looking ahead, Orthovita lowered its full-year revenue guidance to a range of $96 million to $100 million, below the previous range of $106 million to $112 million and the consensus target of $104.3 million. Orthovita said the lowered guidance is due to potentially higher charges for unused manufacturing capacity. The average daily share volume for Orthovita is 674,000.

Powerwave Technologies ( PWAV) fell by 15 cents, or 8.1%, to $1.70 in the premarket session after the wireless solutions company said it had second-quarter revenue of $144.6 million, below the Thomson Reuters average estimate of $146.9 million. Powerwave posted a second-quarter adjusted profit of 2 cents a share, a penny above the consensus estimate. The average daily share volume for Powerwave is 2.25 million.

Evergreen Solar ( ESLR) jumped by 5 cents, or 7.5%, to 72 cents in Monday's after-hours session after the company reported a second-quarter loss of 11 cents a share on revenue of $84.5 million, compared to the Thomson Reuters consensus estimate for a loss of 11 cents a share on revenue of $79.5 million. The average daily share volume for Evergreen Solar is 1.63 million.

-- Written by Robert Holmes in Boston.

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