Morning Market Losers
Net 1 UEPS Technologies (NASDAQ: UEPS) shares tumbled 20.82% to $7.53 after gaining 0.96% on Wednesday. Net 1 UEPS Technologies is expected to release its Q3 results on May 9, 2014.
Moneygram International (NASDAQ: MGI) shares declined 12.45% to $15.75 following announcement of new money-transfer service from Wal-Mart.
Renewable Energy Group (NASDAQ: REGI) shares slipped 9.58% to $11.38 on Q1 outlook. Renewable Energy now expects Q1 loss of $1.5 to $3.5 million.
The Western Union Company (NYSE: WU) shares fell 5.55% to $15.16 on announcement of Walmart money transfer service.
International Business Machines (NYSE: IBM) fell 3.86% to $188.81 after the company reported downbeat first-quarter revenue. IBM posted its adjusted earnings of $2.54 per share on revenue of $22.48 billion. However, analysts were projecting earnings of $2.54 per share on revenue of $22.93 billion.
SAP AG (NYSE: SAP) fell 2.44% to $79.63 on Q1 results. SAP's quarterly net profit surged 3% to EUR534 million, while revenue rose 3% to 3.70 billion euros ($5.11 billion).
Google (NASDAQ: GOOGL) shares fell 2.37% to $550.53 after the firm reported weaker-than-expected first-quarter earnings. Google posted its adjusted profit of $6.27 per share on adjusted revenue of $12.19 billion. However, analysts were estimating earnings of $6.36 per share on revenue of $12.41 billion.
Mattel (NASDAQ: MAT) shares slipped 1.61% to $37.27 after the company reported Q1 results. Mattel reported a Q1 loss of $0.03 per share on revenue of $946.20 million.
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