Benzinga's Top Pre-Market Losers
ARM Holdings plc (NASDAQ: ARMH) shares dropped 2.27% to $40.49 in pre-market trading. Analysts at Benchmark downgraded ARM Holdings from “buy” to “hold.”
Verizon Communications (NYSE: VZ) dipped 2.21% to $41.60 in the pre-market session. Verizon posted a wider fourth-quarter loss.
Ericsson (NASDAQ: ERIC) shares fell 2.09% to $10.34 in the pre-market trading. Ericsson announced its plans to acquire Devoteam Telecom & Media operations in France.
Caterpillar (NYSE: CAT) dipped 1.56% to $96.10 in the pre-market session. Caterpillar will take a charge of $0.87 per share in the fourth quarter tied to the accounting misconduct at a recently acquired company in China.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.