Benzinga’s Top 5 Pre-Market Losers (GMCR, BRCD, JRCC, GOLD, AMAT)
Green Mountain Coffee Roasters Inc (NASDAQ: GMCR) shares plummeted by 11.59% in pre-market trading. GMCR posted robust FQ4 profits, driven by impressive sales of its Keurig single-cup brewing system. However, the lower-than-consensus guidance for GMCR Q1 EPS resulted in the sell-off in the company’s share price.
Brocade Communications Systems Inc (NASDAQ: BRCD) shares have slipped by 10.49% in pre-market trading. ThinkEquity downgraded BRCD to “hold” due to concerns over the company's ability to gain market share after the Hewlett-Packard/COMS deal, resulting in the crashing of the company’s share price.
James River Coal Company (NASDAQ: JRCC) shares have declined by 7.71% in pre-market trading. JRCC announced its plans to raise $125 million through convertible senior notes.
Randgold Resources Limited (NASDAQ: GOLD) shares have fell by 2.40% in pre-market trading. GOLD swung to profits in Q3 as higher gold production and prices helped the company counteract rising costs.
Applied Materials Inc (NASDAQ: AMAT) shares have declined by 2.26% in pre-market trading. AMAT had announced 1500 cut in jobs after its Q4 profits fell.
