Alanco's (ALAN), OmniVision (OVTI), Ancestry.com (ACOM), True Religion Apparel (TRLG) Soar After Hours

Alanco's (Nasdaq:ALAN), OmniVision Technologies Inc. (NASDAQ:OVTI), Ancestry.com Inc. (NASDAQ:ACOM) and True Religion Apparel Inc. (NASDAQ:TRLG) were all up big in after hours trading, for a variety of reasons.

With Alanco (ALAN), they skyrocketed by over 37 percent on the news they are going to sell their StarTrak unit for $18.5 million to Orbcomm (Nasdaq:ORBC).

True Religion Apparel Inc. (TRLG) surged 7.6%, which was somewhat of a surprise considering its weak guidance. They reported fourth quarter EPS of $0.63, $0.01 above analyst estimates of $0.62. Revenue for the quarter came in at $110.9 million versus the consensus estimate of $104.15 million. Guidance for full year 2011 EPS is $1.80, versus the consensus of $2.02. Full year 2011 revenue guidance was $405 million, against the consensus of $406.83 million.

This was a surprise because most companies have been getting punished for weak guidance this quarter, whether or not their last quarter performance was strong.

OmniVision Technologies Inc. (OVTI) was up 11.8%, reporting third quarter EPS of $0.84, $0.26 above the analyst estimate of $0.58. Revenue for the quarter came in at $265.7 million versus the consensus estimate of $241.74 million. Guidance for fourth quarter revenue was $240-$260 million, vs. the consensus of $217.2 million. Guidance for EPS was 57-70 cents versus consensus of 44 cents.

Ancestry.com Inc. (ACOM) rose by 8.2% after hours, reporting fourth quarter EPS of $0.25, level with the analyst estimate of $0.25. Revenue for the quarter came in at $82.7 million versus the consensus estimate of $81.24 million. Subscriptions were up 31% to 1,395,000 at 12/31/2010. Guidance for the first quarter of 2011 was for revenue of $86-$88 million, versus the consensus of $83.68 million. Ending subscribers of about 1,545,000. For full year 2011, they see revenue of $370-$375 million, versus the consensus of $357.42 million. Ending subscribers are expected to reach a range of 1,700,000 to 1,725,000.