Benzinga's Top #PreMarket Losers
Maxim Integrated Products (NASDAQ: MXIM) fell 15.57% to $27.81 in pre-market trading after the company reported downbeat quarterly results and issued a weak Q1 forecast.
Lattice Semiconductor (NASDAQ: LSCC) shares declined 12.28% to $6.50 in pre-market trading after the company issued a downbeat Q3 revenue forecast.
Amazon.com (NASDAQ: AMZN) dropped 10.65% to $320.42 in pre-market trading after the company reported a wider-than-expected loss for the second quarter. For the third quarter, Amazon projected sales of $19.7 billion to $21.5 billion. Analysts at B Riley downgraded Amazon from Buy to Neutral and lowered the target price from $425 to $350.
Pandora Media (NYSE: P) dipped 9.30% to $26.05 in pre-market trading after the company announced slower than expected growth metrics. Pandora's earnings beat the official analyst estimate by $0.01 per share at $0.04 per share. The company also raised its full-year forecast.
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