Pre-market Movers For Jan 22 (MSI, COH, ASML, DRWI, VISN)

(RTTNews) - Gainers:

ASML Holding NV (ASML) is gaining 6 percent to $92.80. The company reported higher earnings and sales for its fourth quarter. The company backed its first-half 2014 sales expectation and added that it plans to increase the dividend by 15 percent.

DragonWave Inc. (DRWI) is surging 25 percent to $2.00. The company announced that it has been selected as a microwave solutions provider for backhaul connectivity as part of Gogo's ongoing expansion efforts.

VisionChina Media Inc. (VISN) is jumping 43 percent to $34.75. The company announced that it has entered into an exclusive strategic cooperation agreement with Baidu Games to promote the Baidu Games brand and gaming products across its digital television advertising networks nationwide.

Decliners:

Motorola Solutions, Inc. (MSI) is down 8 percent to $61.55. The company's fourth quarter profit and total sales were higher than in the year-ago quarter. At the same time, the company expects first quarter 2014 revenue to decline 4 percent to 6 percent.

Coach, Inc. (COH) is down 6 percent to $49.27. The company's second quarter earnings per share and revenues were below Wall Street view. The company's second quarter profit declined from the year-ago quarter, as its performance in North America was impacted by substantially lower traffic in its stores and by its decision to limit access to its e-factory flash sales site.

Trading halt:

Trading in shares of Luna Innovations Inc. (LUNA) was halted.