Morning Market Losers

Pier 1 Imports PIR dropped 10.41% to $16.36 after the company reported a drop in its fiscal first-quarter profit and lowered its forecast. China Mobile Games and Entertainment Group CMGE shares declined 8.52% to $17.29 after falling 0.08% on Wednesday. KBR KBR slipped 6.88% to $24.51 after the company reported a Q1 loss of $0.29 per share on revenue of $1.63 billion. The company said it would undergo a strategic review of its businesses. Five Oaks Investment OAKS shares slipped 5.30% to $11.26 after the company announced the pricing of additional shares of common stock. Rite Aid RAD shares slipped 2.96% to $7.22 after the company reported a drop in its first-quarter earnings. Rite Aid's quarterly profit declined to $41.4 million, or $0.04 per share, from a year-earlier profit of $89.7 million, or $0.09 per share. ALCO Stores ALCS slipped 2.88% to $8.10 after the company posted a Q1 loss of $8.1 million, or $2.49 per share, versus a year-ago net loss of $1.7 million, or $0.51 per share. NVIDIA NVDA dropped 2.02% to $19.20 after Bank of America downgraded the stock from Neutral to Underperform Keurig Green Mountain GMCR fell 1.50% to $124.20. BTIG Research initiated coverage on Keurig Green Mountain with a Neutral rating.