The NASDAQ
Pictured is the Nasdaq Composite index at its Times Square market site in New York. Reuters

The top pre-market NASDAQ Stock Market gainers are: ARM Holdings, DryShips, ZAGG, Logitech International, and Web.com Group. The top pre-market NASDAQ Stock Market losers are: Limelight Networks, Fossil, Clean Energy Fuels, Lionbridge Technologies, and Kimball International.

Gainers

ARM Holdings plc (ARMH) stock grew 7.13 percent to $24.18 in the pre-market trading.

DryShips, Inc. (DRYS) stock gained 6.79 percent to $2.36 in the pre-market trading.

ZAGG Inc. (ZAGG) stock increased 6.30 percent to $12.65 in the pre-market trading.

Logitech International SA (LOGI) stock rose 5.96 percent to $8.54 in the pre-market trading.

Web.com Group, Inc. (WWWW) stock rose 5.24 percent to $10.05 in the pre-market trading.

Losers

Limelight Networks, Inc. (LLNW) stock plunged 27.27 percent to $2.40 in the pre-market trading. Loss for the second quarter widened to $13.94 million or $0.12 per share from $2.27 million or $0.02 per share last year. Adjusted loss was $5.9 million or $0.05 per basic share. Revenue rose to $50.54 million from $42.2 million. Analysts had expected a loss of $0.03 per share on revenue of $52.41 million. For the third quarter, the company expects revenue of $51.7 million to $53.2 million, while Street predicts $57.60 million.

Fossil, Inc. (FOSL) stock plummeted 19.85 percent to $75.25 in the pre-market trading. The company expects third quarter earnings of $1.00 to $1.03 per share. For the third and fourth quarters of 2011, the company anticipates sales growth of 22 percent to 24 percent with constant dollar sales increasing in range of 18 percent to 20 percent. Street analysts predict profit of 1.24 per share on revenue growth of 19.50 percent for the third quarter. In addition, the company projects fourth quarter earnings of $1.78 to $1.82 per share. For the fiscal 2011, the company now expects earnings of $4.44 to $4.50 per share, compared to previous forecast of $4.44 to $4.54 per share, while Street predicts $4.61 per share.

Fossil reported second quarter earnings of $51.4 million, down 5.7 percent from $54.5 million last year. However, earnings per share remained constant at $0.80. Sales grew 34.9 percent to $556.7 million on sales growth in its watch and leather product categories in addition to a $26.9 million positive impact of a weaker U.S. dollar. Analysts had expected profit of $0.75 per share on revenue of $536.08 million for the second quarter.

Clean Energy Fuels Corp. (CLNE) stock tumbled 3.32 percent to $12.22 in the pre-market trading. Loss for the second quarter was $5.6 million or $0.08 per share, compared to a profit of $9.9 million or $0.14 per share last year. Adjusted loss widened to $7.0 million or $0.10 per share from $3.8 million or $0.06 per share last year. Revenue grew 57 percent to $69.1 million. Analysts had expected a loss of $0.09 per share on revenue of $70.27 million.

Lionbridge Technologies Inc. (LIOX) stock decreased 2.88 percent to $2.70 in the pre-market trading.

Kimball International, Inc. (KBALB) stock declined 2.88 percent to $5.40 in the pre-market trading.

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