Morning Market Losers
xG Technology (NASDAQ: XGTI) fell 13.13% to $1.89 after the company priced $10 million public offering at $1.90 per share.
ChinaNet Online Holdings (NASDAQ: CNET) shares slipped 9.92% to $1.20 after the company postponed its FY13 earnings call.
ASML Holding NV (NASDAQ: ASML) shares dropped 5.47% to $80.48 after the company reported a rise in its first-quarter net profit and lowered its first-half forecast.
Span-America Medical Systems (NASDAQ: SPAN) fell 4.73% to $22.57. Span-America Medical Systems is expected to release its Q2 results on May 1, 2014.
Credit Suisse Group AG (NYSE: CS) fell 2.96% to $30.82 after the company reported a drop in first-quarter profit. Credit Suisse's quarterly profit slipped to 859 milion Swiss francs ($975.47 million), from a year-earlier profit of 1.3 billion francs.
Bank of America (NYSE: BAC) shares fell 2.53% to $15.98 after the firm reported a net loss in the first quarter. Bank of America posted a quarterly net loss of $276 million, or $0.05 per share, versus a year-ago profit of $1.5 billion, or $0.10 per share.
St. Jude Medical (NYSE: STJ) shares declined 2.37% to $61.72 after the company reported a 12% gain in its first-quarter earnings. For the year, St. Jude lifted its adjusted earnings forecast to $3.95 to $4 per share on revenue of $5.61 billion to $5.76 billion.
Carrols Restaurant Group (NASDAQ: TAST) shares slipped 1.99% to $6.90 after the company filed prospectus for $60 million.
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