Benzinga's Top #PreMarket Losers

Career Education Corp. CECO shares dropped 18.97% to $4.70 in pre-market trading. Career Education shares have dropped 2.03% over the past 52 weeks, while the S&P 500 index has gained 14.76% in the same period. Microsoft Corporation MSFT shares declined 7.62% to $43.43 in pre-market trading after the company posted in-line fiscal second-quarter results. For the third quarter, the company also expected a slight sequential decline in its commercial licensing sales. Caterpillar Inc.CAT shares dropped 7.22% to $79.82 in pre-market trading after the company reported weaker-than-expected earnings for the fourth quarter and issued a weak forecast for 2015. Koninklijke Philips N.V PHG shares fell 5.91% to $28.52 in pre-market trading after the company reported a 67% decline in its profit for the fourth quarter. The Procter & Gamble Company PG fell 2.55% to $87.24 in pre-market trading after the company reported weaker-than-expected fiscal second-quarter earnings and cut its growth forecast for the year.