Pre-market Movers For Aug 6 (CTSH, FOSL, WPO, KORS, ALLT, AEO, DISH, SNE, FSTR)

(RTTNews) - Gainers:

Cognizant Technology Solutions Corp. (CTSH) is up 4 percent to $76.40. The company's second quarter results were above Wall Street view. The company also raised its fiscal 2013 guidance.

Fossil Group, Inc. (FOSL) is gaining 11 percent to $120.00. The company's second quarter profit and net sales increased from the year ago period and topped Street view.

Washington Post Co. (WPO) is rising 4 percent to $593.00. The company announced that it has signed a contract to sell its newspaper publishing businesses, including The Washington Post newspaper, to an entity that belongs to Jeffrey Bezos, who is the founder, chairman and CEO of Amazon.com Inc. (AMZN). The purchase price is $250 million and is payable at closing later this year. Washington Post will be changing its name in connection with the transaction and no new name has yet been announced.

Michael Kors Holdings Limited (KORS) is up 6 percent to $72.10. The company's first quarter profit surged and topped analysts' estimate. Total revenue increased 54.5 percent and came above the consensus estimate. Meanwhile, the company guided second quarter results in-line with market view.

Allot Communications Ltd. (ALLT) is falling 9 percent to $14.09. The company slipped to a loss in its second quarter. Revenues were lower when compared to the year-ago quarter.

Interactive Intelligence Group Inc. (ININ) is up 10 percent to $64.00 following the release of its quarterly results.

Decliners:

American Eagle Outfitters, Inc. (AEO) is plunging 15 percent to $16.82, as the company slashed its earnings outlook for the second quarter, citing weaker than expected sales and margin results. The company noted that it is not at all happy with its second quarter results, which were impacted primarily by a disappointing performance of its AEO women's assortment and weak traffic.

DISH Network Corp. (DISH) is down 2 percent to $43.65. The company slipped to a loss in its second quarter. Revenue for the quarter improved from the prior year period, but marginally missed the consensus estimate.

Sony Corp. (SNE) is down alomost 4 percent to $20.92. The company announced that it has rejected a proposal from Third Point LLC chief Daniel Loeb to spin off its entertainment business. Sony said that it had concluded that continuing to own 100 percent of its entertainment business is the best path forward and is integral to its strategy.

Trading halt:

Trading in shares of LB Foster Co. (FSTR) was halted. The company swung to a profit in its second quarter. Net sales fell 8.1 percent due to a 10.3 percent decline in Rail segment sales and an 8.7 percent reduction in Construction segment sales. The company revised its full year forecast citing changing mix in order patterns and resulting sales forecast, coupled with the varied profitability of its business segments.