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Tuesday's top gaining and declining stocks

CHICAGO (MarketWatch) -- Here are some of Tuesday's most active gaining and declining stocks:

Gainers

BroadSoft Inc. (BSFT) shares rallied 35% on the back of second-quarter financial results that the telecom-oriented software and services company reported late Monday.

Freescale Semiconductor Ltd. (FSL) rose 10% after Goldman Sachs upgraded the chipmaker's stock rating from neutral to buy.

Fossil Inc. (FOSL) shares advanced 32% as the company's second-quarter earnings rose 12%. The fashion-accessories retailer saw broad-based sales growth in its wholesale segment accelerate, although a stronger U.S. dollar blunted worldwide sales slightly.

Grand Canyon Education Inc. (LOPE) jumped 20% after reporting sharp increases in profit, revenue and enrollment for its latest completed quarter.

MGM Resorts (MGM) rose 9% after the company noted in its latest earnings report that it is looking to refinance some of its long-term debt at "progressively lower rates." While the casino owner swung to a loss in the second quarter, revenue jumped to $2.3 billion from $1.8 billion.

U.S.-listed shares of InterContinental Hotels Group PLC(IHG) rose 7%. The world's largest hotel operator by number of rooms, InterContinental said it will return $1 billion to shareholders as it recorded a rise in second-quarter profit, driven by solid demand in the U.S., its largest and most lucrative market.

Decliners

Duff & Phelps Corp. (DUF) shares fell 9%. On Monday, the company said certain stakeholders are offering 3 million shares.

Heckmann Corp. (HEK) shares fell 21%. Late Monday, the company reported higher second-quarter profit and revenue but noted a slowdown in natural-gas drilling in the Haynesville Shale region.

Leap Wireless International(LEAP) shares lost 21%. Leap's second-quarter loss narrowed as the pay-as-you-go mobile operator took in more revenue per user. Results fell short of Wall Street expectations, however, as the company lost customers during the quarter.

NII Holdings Inc. (NIHD) slumped 26% after the company lowered its outlook for full-year operating revenue and new subscriber additions.

Office Depot Inc. (ODP) fell 5% after reporting a wider loss and a decline in revenue for its latest completed quarter.

Scientific Games Corp. (SGMS) fell 16% after swinging to a loss in its second quarter.

WMS Industries Inc. (WMS) sank 17% after J.P. Morgan lowered its rating on the stock to underweight from neutral and slashed its year-end 2012 price target to $14 from $21.