Morning Market Losers

Parametric Sound HEAR declined 23.85% to $9.90 after the company announced a $45 million common stock offering. Clearfield CLFD fell 18.43% to $16.95 after the company reported FQ2 results. Silicom SILC shares dipped 17.08% to $47.91 after the company reported Q1 earnings of $0.57 per share on revenue of $19.0 million. The Bancorp TBBK shares fell 15.05% to $15.80 after the company reported Q1 earnings of $0.01 per share. Sequans Communications SA SQNS fell 14.86% to $2.10 after the company reported a Q1 loss of $0.14 per share on revenue of $4.50 million. Quidel QDEL shares slipped 13.84% to $20.61 after the company reported Q1 earnings of $0.08 per share on revenue of $46.70 million. Eagle Rock Energy Partners LP EROC tumbled 12.58% to $4.24 after the company announced the suspension of distribution. Bank of America lowered the price target on the stock from $6.50 to $5.50. Tsakos Energy Navigation TNP shares slipped 12.51% to $7.31 after the company announced a public offering of 11 million common shares. Ingram Micro IM declined 11.43% to $26.81 after the company reported Q1 earnings of $0.43 per share on revenue of $10.38 billion. Texas Capital BancShares TCBI shares dropped 10.16% to $58.01 after the company reported Q1 earnings of $0.60 per share, versus analysts' estimates of $0.73 per share. Xilinx XLNX declined 7.40% to $48.54 after the company reported downbeat Q4 earnings. Credit Suisse downgraded Xilinx from Outperform to Neutral. QUALCOMM QCOM shares fell 4.10% to $77.40 on weaker-than-expected Q2 revenue.
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