Morning Market Losers (TBL, IFMI, SMSI, MMUS)
Timberland Company (The) (NYSE: TBL) shares dropped 25.67% to $30.90 at 9:55 am. TBL reported weaker-than-expected Q1 results.
Institutional Financial Markets Inc (AMEX: IFMI) shares moved down 25.10% to $3.2130. IFMI reported its Q1 revenue at $32.3 million, down from $41.7 million, in the year-ago period.
Smith Micro Software Inc (NASDAQ: SMSI) dipped 21.76% to $5.68. SMSI reported higher-than-expected Q1 loss.
MakeMusic Inc (NASDAQ: MMUS) fell 11.71% to $4.86. MMUS posted a Q1 net loss at $180,000, versus a net loss of $117,000, in the year-ago quarter.
Read more from Benzinga's Markets.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.