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Morning Market Losers

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Kingtone Wirelessinfo Solution Holding (NASDAQ: KONE) fell 14.05% to $5.50 after the company reported financial results for the six months ended March 31, 2014. The company posted a net loss of around $0.7 million in the period.

Elizabeth Arden (NASDAQ: RDEN) shares declined 13% to $23.49 after LG Household & Health Care reported that it is no longer considering buying Elizabeth Arden.

Cinedigm (NASDAQ: CIDM) tumbled 9.31% to $2.63 after the company reported a Q4 loss from continuing operations of $0.01 per share on revenue of $31.70 million.

Bed Bath & Beyond (NASDAQ: BBBY) shares tumbled 8.75% to $55.76 after the company reported weaker-than-expected fiscal first-quarter results and issued a downbeat outlook for the second quarter.

Herman Miller (NASDAQ: MLHR) tumbled 5.21% to $30.03 after the company reported downbeat Q4 revenue and issued a weak Q1 forecast.

Philip Morris International (NYSE: PM) dropped 2.72% to $86.47 after the company lowered its 2014 earnings guidance.

CACI International (NYSE: CACI) shares dropped 2.05% to $68.35 after the company issued weak forecast for FY15. The company projected FY15 earnings of $5.10 to $5.51 per share on revenue of $3.3 billion to $3.6 billion. However, analysts estimated earnings of $5.82 per share on revenue of $3.62 billion.

 

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