Morning Market Losers

Quantum Corp QTM tumbled 24.12 percent to $1.29 after the company announced preliminary FQ1 results. Rovi Corporation ROVI shares dropped 23.32 percent to $13.45 after the company issued an update on ongoing litigation against Netflix, Inc. NFLX. KeyBanc downgraded Rovi from Overweight to Sector Weight. Alon Blue Square Israel Ltd BSI shares declined 17.75 percent to $1.39 after the company announced the court approval of creditor arrangement for its Mega Retail subsidiary. Synthetic Biologics Inc SYN shares fell 17.02 percent to $3.12 after the company priced its underwritten public offering of 13.3 million shares at $3.00 per share. Fairchild Semiconductor Intl Inc FCS shares slipped 11.12 percent to $14.94 after the company reported downbeat Q2 results. Sherwin-Williams Co SHW declined 9.79 percent to $254.81 after the company reported downbeat Q2 results and issued a weak guidance. Garmin Ltd. GRMN shares dipped 9.59 percent to $41.95 after the company issued a weak earnings forecast. Sonoco Products Co SON dropped 4.48 percent to $41.83 after the company reported weaker-than-expected Q2 earnings and lowered its FY15 earnings forecast.