Morning Market Losers
Kofax (NASDAQ: KFX) shares declined 13.30% to $7.01 after the company reported selected preliminary unaudited results for FY14. Kofax expected FY14 sales of $295.0 million to $298.0 million.
Isle of Capri Casinos (NASDAQ: ISLE) shares dipped 11.84% to $8.86 on management shake-up news. The company named Eric Hausler as CFO.
MGIC Investment (NYSE: MTG) shares dropped 11.47% to $8.18 following FHFA proposal. The company released monthly operating statistics for June.
Rent-A-Center (NASDAQ: RCII) shares slipped 10.98% to $25.87 after the company issued a downbeat guidance for the second quarter. The company expected adjusted earnings of $0.36 to $0.38 per share on revenue of around $773 million.
PriceSmart (NASDAQ: PSMT) slipped 6.81% to $80.34 after the company reported weaker-than-expected revenue for the third quarter. PriceSmart posted its quarterly earnings of $0.70 per share on revenue of $615 million. However, analysts were expecting earnings of $0.69 per share on revenue of $621.9 million.
Arotech (NASDAQ: ARTX) declined 5.85% to $3.54 after the company priced 2.86 million share offering at $3.50 per share.
Radian Group (NYSE: RDN) dropped 5.09% to $13.81 after the company provided a comment on the proposed GSE requirements for private mortgage insurer eligibility.
Fastenal Company (NASDAQ: FAST) shares fell 4.85% to $45.82 after the company reported in-line Q2 earnings. Fastenal posted a quarterly profit of $130.5 million, or $0.44 per share, up from a year-ago profit of $121 million, or $0.41 per share.
Genworth Financial (NYSE: GNW) shares fell 4.81% to $16.24 after the company offered a response to GSE-Sponsored draft Private Mortgage Insurance Eligibility Requirements.
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