Market Overview

Morning Market Losers

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Parametric Sound (NASDAQ: HEAR) declined 23.85% to $9.90 after the company announced a $45 million common stock offering.

Clearfield (NASDAQ: CLFD) fell 18.43% to $16.95 after the company reported FQ2 results.

Silicom (NASDAQ: SILC) shares dipped 17.08% to $47.91 after the company reported Q1 earnings of $0.57 per share on revenue of $19.0 million.

The Bancorp (NASDAQ: TBBK) shares fell 15.05% to $15.80 after the company reported Q1 earnings of $0.01 per share.

Sequans Communications SA (NYSE: SQNS) fell 14.86% to $2.10 after the company reported a Q1 loss of $0.14 per share on revenue of $4.50 million.

Quidel (NASDAQ: QDEL) shares slipped 13.84% to $20.61 after the company reported Q1 earnings of $0.08 per share on revenue of $46.70 million.

Eagle Rock Energy Partners LP (NASDAQ: EROC) tumbled 12.58% to $4.24 after the company announced the suspension of distribution. Bank of America lowered the price target on the stock from $6.50 to $5.50.

Tsakos Energy Navigation (NYSE: TNP) shares slipped 12.51% to $7.31 after the company announced a public offering of 11 million common shares.

Ingram Micro (NYSE: IM) declined 11.43% to $26.81 after the company reported Q1 earnings of $0.43 per share on revenue of $10.38 billion.

Texas Capital BancShares (NASDAQ: TCBI) shares dropped 10.16% to $58.01 after the company reported Q1 earnings of $0.60 per share, versus analysts' estimates of $0.73 per share.

Xilinx (NASDAQ: XLNX) declined 7.40% to $48.54 after the company reported downbeat Q4 earnings. Credit Suisse downgraded Xilinx from Outperform to Neutral.

QUALCOMM (NASDAQ: QCOM) shares fell 4.10% to $77.40 on weaker-than-expected Q2 revenue.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets

 

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