Small Cap Stocks Alert! (GFRE, SUPR, YONG)

Gulf Resources, Inc. (NASDAQ:GFRE) surged 4.50% to $9.99. The company reported that third quarter net income rose to $14.9 million or $0.43 per share from $8.3 million or $0.27 per share in the prior year quarter.

On average, 2 analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenue grew 61.8% to $44.76 million from $27.67 million a year earlier. Two analysts had consensus revenue estimate of $37.51 million for the quarter.

Superior Bancorp (NASDAQ:SUPR) slumped 31.02% to $0.600. The company reported on its third quarter 2010 results.  The company realized a pre tax net loss from operations of $109 million, related principally to credit costs, as the provision for loan loss and charges for other real estate losses aggregated $108 million. 

Superior also recorded an after tax non-cash charge of $27 million to eliminate its net deferred tax asset, resulting in net after tax loss of $138 million for the quarter.

Yongye International, Inc. (NASDAQ:YONG) jumped 6.29% to $8.62. The company reported its financial results for the quarter ended September 30, 2010.

Adjusted net income attributable to Yongye, which excludes the impact of non-cash items related to a change in the fair value of derivative liabilities of $12,077 and amortization of the acquired Hebei customer list of $674,622, was $18.3 million, or $0.39 per diluted share, compared to $8.8 million, or $0.27 per diluted share, in the same period last year.

Revenue for the three months ended September 30, 2010, was $71.8 million compared to $29.3 million for the same period in 2009, an increase of 145.1%.