Morning Market Losers
Alcatel Lucent SA (ADR) (NYSE: ALU) shares dipped 16.18 percent to $4.13 following the announcement of acquisition by Nokia Corporation (ADR) (NYSE: NOK) in all-stock deal. Bernstein downgraded Alcatel-Lucent from Outperform to Market Perform.
China Auto Logistic Inc (NASDAQ: CALI) fell 13.70 percent to $1.26 after the company reported 2014 results. The loss attributable to shareholders was $26,863,297 in 2014.
QKL Stores Inc (NASDAQ: QKLS) slipped 10.39 percent to $2.82. QKL Stores posted a Q4 net loss of $14.7 million on revenue of $75.8 million.
58.com Inc (ADR) (NYSE: WUBA) shares declined 8.07 percent to $62.39. 58.com has acquired Ganji.com, according to sources.
Monroe Capital Corp (NASDAQ: MRCC) shares fell 4.06 percent to $14.63 after the company announced a public offering of common shares.
Precision Castparts Corp. (NYSE: PCP) shares dropped 3.97 percent to $207.39. Precision Castparts projected Q4 earnings of $2.90 to $2.95 per share, versus analysts' estimates of $3.21 per share.
Charles Schwab Corp (NYSE: SCHW) shares fell 1.58 percent to $29.97 reported weaker-than-expected earnings for the first quarter.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.