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Morning Market Losers

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Ardelyx Inc (NASDAQ: ARDX) shares fell 23.92 percent to $8.30 after the company reported results from its Phase 2a clinical trial evaluating tenapanor in chronic kidney disease patients.

ANADIGICS, Inc. (NASDAQ: ANAD) shares tumbled 22.58 percent to $1.01. Anadigics reported a Q1 adjusted loss of $0.04 per share on revenue of $18.4 million.

Noodles & Co (NASDAQ: NDLS) shares dipped 22.07 percent to $16.14 after the company reported weaker-than-expected Q1 results and issued a weak FY15 guidance.

Zulily Inc (NASDAQ: ZU) shares slipped 19.29 percent to $9.54 after the company reported downbeat Q2 revenue and issued a weak revenue outlook. The company also named Brian Swartz as chief financial officer.

Datalink Corporation (NASDAQ: DTLK) shares dipped 16.15 percent to $9.97 after the company reported weaker-than-expected Q1 results and issued a downbeat Q2 forecast.

Kona Grill Inc (NASDAQ: KONA) shares dropped 12.85 percent to $21.90 after the company reported a wider-than-expected Q1 loss.

Enphase Energy Inc (NASDAQ: ENPH) shares fell 11.23 percent to $10.75. Enphase reported Q1 adjusted loss of $0.07 per share on revenue of $86.7 million.

Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) declined 10.27 percent to $151.24. Alexion Pharmaceuticals announced its plans to acquire Synageva Biopharma Corp (NASDAQ: GEVA) for $8.4 billion and raised share repurchase authorization to $1 billion.

TechTarget Inc (NASDAQ: TTGT) shares fell 8.12 percent to $9.51 after the company reported downbeat Q1 results and issued a weak revenue outlook.

Groupon Inc (NASDAQ: GRPN) shares dropped 3.87 percent to $6.57. Groupon reported better-than-expected earnings for the first quarter, but the company's sales missed analysts' estimates.

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