Benzinga's Top #PreMarket Losers
Smith & Wesson Holding (NASDAQ: SWHC) shares declined 9.98% to $15.15 in pre-market trading after the company issued downbeat forecast for the first quarter and fiscal year.
Oracle (NYSE: ORCL) dipped 6.21% to $39.87 in pre-market trading after the company reported weaker-than-expected fiscal fourth-quarter results. Its adjusted earnings came in at $0.92 per share, missing analysts' estimates of $0.95 per share. Citigroup downgraded Oracle from Buy to Neutral.
E*TRADE Financial (NASDAQ: ETFC) fell 5.03% to $20.21 in pre-market trading after dropping 2.70% on Thursday.
Darden Restaurants (NYSE: DRI) dropped 3.68% to $47.70 in pre-market trading after the company posted downbeat results for the fiscal fourth quarter. Darden's quarterly profit fell to $86.5 million, or $0.65 per share, versus a year-ago profit of $133.2 million, or $1.01 per share. Its adjusted earnings came in at $0.84 per share.
TIBCO Software (NASDAQ: TIBX) shares dropped 2.64% to $20.27 in pre-market trading after the company reported a drop in its fiscal second-quarter profit. Tibco's quarterly profit declined to $1.6 million, or $0.01 per share, from a year-ago profit of $8.7 million, or $0.05 per share.
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