Morning Market Losers

STAAR Surgical Company STAA shares dropped 32.88% to $4.94 after the company issued a downbeat Q4 revenue forecast. J&J Snack Foods Corp. JJSF shares slipped 13.69% to $98.93. J&J Snack Foods reported Q1 earnings of $0.60 per share on revenue of $212.8 million. KeyBanc downgraded J&J Snack Foods from Buy to Hold. Plantronics, Inc. PLT shares dipped 10.53% to $46.64 after the company reported downbeat Q3 earnings and issued a weak Q4 outlook. Crossroads Systems, Inc. CRDS shares fell 10.36% to $2.25 after the company announced the pricing of $7.0 million registered direct offering. Microsoft Corporation MSFT shares declined 10.08% to $42.27 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. Packaging Corporation of America PKG shares fell 8.62% to $74.53 after the company reported downbeat quarterly earnings. Caterpillar Inc.CAT shares dropped 7.81% to $79.32 after the company reported weaker-than-expected earnings for the fourth quarter and issued a weak forecast for 2015. EPIRUS Biopharmaceuticals, Inc. EPRS shares tumbled 7.29% to $5.98 after the company commenced an underwritten public offering of shares of its common stock. Koninklijke Philips N.V PHG shares fell 4.65% to $28.90 after the company reported a 67% decline in its profit for the fourth quarter. The Procter & Gamble Company PG fell 2.69% to $87.17 after the company reported weaker-than-expected fiscal second-quarter earnings and cut its growth forecast for the year.