Morning Market Losers
PowerSecure International (NYSE: POWR) shares fell 61.02% to $7.25 after the company reported a Q1 loss of $0.17 per share on revenue of $52.80 million.
Millennial Media (NYSE: MM) dipped 35.33% to $3.46 after the company reported a Q1 loss of $0.12 per share on revenue of $72.60 million. Morgan Stanley downgraded Millennial Media from Equal-weight to Underweight.
Liquidity Services (NASDAQ: LQDT) tumbled 23.12% to $13.31 after the company reported downbeat Q2 results and issued a weak outlook.
Gulfport Energy (NASDAQ: GPOR) shares fell 17.94% to $59.94 after the company reported weaker-than-expected first-quarter results.
Career Education (NASDAQ: CECO) dipped 16.05% to $5.62 after the company reported a Q1 loss of $0.71 per share on revenue of $243.10 million.
Boulder Brands (NASDAQ: BDBD) shares fell 14.49% to $12.55 on Q1 results.
NPS Pharmaceuticals (NASDAQ: NPSP) declined 12.06% to $23.78 after the company reported a Q1 loss of $0.06 per share on revenue of $44.0 million.
AMC Networks (NASDAQ: AMCX) tumbled 11.65% to $57.89 on weaker-than-expected Q1 earnings.
Tesla Motors (NASDAQ: TSLA) shares declined 7.98% to $185.29 after the company posted a first-quarter loss of $0.40 per share, versus a year-ago profit of $0.10 per share. The company also reported downbeat quarterly revenue.
Biota Pharmaceuticals (NASDAQ: BOTA) declined 6.79% to $3.02 after the company provided an update on BARDA contract for laninamivir octanoate. Biomedical Advanced Research and Development Authority terminated its contract for the development of laninamivir octanoate.
NICE Systems (NASDAQ: NICE) dipped 6.70% to $39.11 after the company reported downbeat Q1 earnings and lowered its 2014 outlook.
Melco Crown Entertainment (NASDAQ: MPEL) slipped 3.99% to $32.52 after the company reported Q1 earnings of $0.44 per share on revenue of $1.36 billion.
Windstream Holdings (NASDAQ: WIN) declined 2.53% to $8.87 on weaker-than-expected Q1 earnings.
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