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Benzinga's Top #PreMarket Losers

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PetSmart (NASDAQ: PETM) dipped 7.54% to $57.50 in pre-market trading after the company reported Q1 earnings of $1.04 per share on revenue of $1.73 billion and lowered its FY14 earnings forecast.

American Realty Capital Properties (NASDAQ: ARCP) dropped 2.25% to $12.62 in pre-market trading after the company files to sell $100M in common stock and announced its plans to sell shopping center portfolio to Blackstone (NYSE: BX) for $1.975 billion in cash.

Kamada (NASDAQ: KMDA) shares dropped 1.56% to $8.19 in pre-market trading after falling 3.37% on Tuesday.

Hormel Foods (NYSE: HRL) shares fell 1.40% to $47.85 after the company reported weaker-than-expected fiscal second-quarter earnings.

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