The top pre-market NASDAQ stock market gainers are: China Techfaith Wireless Communication Technology, Hovnanian Enterprises, MedAssets, Urban Outfitters, Seagate Technology, Sonic Solutions, Nuance Communications, and Magic Software Enterprises.
China Techfaith Wireless Communication Technology Ltd. (CNTF) surged 7.14 percent to $4.20 in the pre-market trading. The company's third quarter profit was $4.3 million or 9 cents per ADS, compared to a loss of $3.4 million or 8 cents per ADS last year. Revenue rose 30 percent to $68.6 million.
Hovnanian Enterprises Inc. (HOVNP) soared 4.40 percent to $6.40 in the pre-market session.
MedAssets, Inc. (MDAS) jumped 2.56 percent to $17.20 in the pre-market trading.
Urban Outfitters Inc. (URBN) rose 0.99 percent to $37.72 in the pre-market trading.
Seagate Technology PLC (STX) improved 0.89 percent to $14.47 in the pre-market session.
Sonic Solutions (SNIC) increased 0.35 percent to $9.30 in the pre-market trading.
Nuance Communications, Inc. (NUAN) gained 0.23 percent to $17.15 in the pre-market session. The company's fourth quarter adjusted profit was $100.3 million or 33 cents a share, up from $90.8 million or 32 cents a share last year. Revenue rose 17.7 percent to $309.8 million. Analysts had expected profit of 32 cents a share on revenue of $319.98 million.
Magic Software Enterprises Ltd. (MGIC) moved up 0.17 percent to $5.94 in the pre-market session.