The top pre-market NASDAQ stock market gainers are: Interactive Intelligence, Heartware International, Apollo Group, Sears Holdings, and Telular. The top pre-market NASDAQ stock market losers are: ClickSoftware Technologies, Tuesday Morning, Glu Mobile, L & L Energy, and Cheesecake Factory.

Gainers

Shares of Interactive Intelligence Inc. (ININ) advanced 14.72 percent to $33.74 in the pre-market trading, following its better-than-expected fourth quarter guidance. The company expects fourth quarter adjusted earnings of 48 cents to 52 cents a share and revenue of $49 million to $51 million. Analysts expect earnings of 31 cents a share on revenue of $43.93 million.

Interactive Intelligence expects fiscal 2010 adjusted earnings of $1.34 to $1.38 a share and revenue of $164.7 million to $166.7 million. Analysts expect profit of $1.16 a share on revenue of $159.60 million for fiscal 2010. The company plans to issue its final 2010 fourth quarter and year-end fiscal results Jan. 28. Providing its outlook for 2011, the company currently sees revenue growth of more than 20 percent from 2010, with revenues for fiscal 2011 reaching at least $200 million, while analysts expect $190.7 million.

Heartware International Inc. (HTWR) stock soared 8.59 percent to $93.67 in the pre-market trading. The stock jumped to a new 52-week high of $98.82 during Tuesday's early trade. Brokerage firm Auriga USA upgraded rating of Heartware to 'buy' from 'hold' and increased its price target to $101 from $97.

Shares of Apollo Group Inc. (APOL) surged 8.51 percent to $39 in the pre-market trading. The company's first quarter adjusted earnings from continuing operations were $238.9 million or $1.63 a share, up from $229 million or $1.47 a share last year. Revenue rose to $1.32 billion from $1.26 billion. Analysts had expected profit of $1.35 a share on revenue of $1.26 billion.

Sears Holdings Corp. (SHLD) stock jumped 8.24 percent to $76.42 in the pre-market session, following its higher-than-expected fourth quarter earnings guidance. The company expects fourth quarter adjusted profit of $3.39 to $4.12 a share, while analysts project $3.09 a share. The company also anticipates full year profit of $1.16 to $1.88 a share, while analysts expect $0.91 a share. The company plans to release financial results for the fourth quarter and full year on or about February 24.

Shares of Telular Corp. (WRLS) gained 6.26 percent to $7.47 in the pre-market trading, following its acquisition of SMARTank line of business of SMARTLogix, Inc. The company lifted its guidance of fiscal 2011 net income before non-cash items to range of $8.5 million to $9.5 million from previous target of $8.0 million to $9.0 million.

Losers

ClickSoftware Technologies Ltd. (CKSW) stock lost 14.64 percent to $7.99 in the pre-market trading, following its cut to fourth quarter revenue guidance. The company lowered its fourth quarter revenue outlook to about $18 million from previous forecast of above $20 million, while analysts expect $19.7 million. The company also reduced its full year revenue outlook to about $70.5 million from previous forecast of above $72.5 million, while analysts project $85.65 million.

Shares of Tuesday Morning Corp. (TUES) tumbled 7.52 percent to $4.92 in the pre-market session, following a 3.2 percent decline in second quarter comparable-store sales. Net sales decreased 3.6 percent to $279.3 million. Based on the second quarter sales results, the company currently expects earnings of 39 cents to 41 cents a share.

Glu Mobile Inc. (GLUU) stock declined 4.66 percent to $2.23 in the pre-market trading, following its pricing of public offering of 7.32 million common shares at $2.05 a share. The company expects to receive net proceeds of about $13.8 million from the sale of the common stock.

Glu plans to use the net proceeds of the offering primarily to accelerate development of its global social gaming community. Roth Capital Partners is acting as sole bookrunner for the offering with Craig-Hallum Capital Group, Merriman Capital and Northland Capital Markets acting as co-managers.

Shares of L & L Energy, Inc. (LLEN) decreased 3.70 percent to $9.89 in the pre-market session.

The Cheesecake Factory Inc. (CAKE) stock moved down 3.68 percent to $30.11 in the pre-market trading, following its lower-than-expected fourth quarter preliminary revenue. The company's fourth quarter unaudited revenue rose to $417 million from $401 million, while analysts expect $418.19 million. The company expects to announce final fourth quarter earnings on February 10.

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