Market Overview

Morning Market Losers

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SeaWorld Entertainment (NYSE: SEAS) slipped 24.83% to $21.16 after the company reported downbeat second-quarter results and lowered its full-year forecast.

King Digital Entertainment plc (NYSE: KING) shares dipped 23.52% to $13.92 after the company reported weak second-quarter revenue and cut its full-year forecast. Five analysts downgraded King Digital on Wednesday.

Netlist (NASDAQ: NLST) shares slipped 19.92% to $1.02 after the company reported a Q2 loss of $0.08 per share on revenue of $4.90 million.

Rigel Pharmaceuticals (NASDAQ: RIGL) shares fell 12.35% to $2.71 after the company reported that R348 failed to meet endpoints in Phase 2 dry eye study.

Myriad Genetics (NASDAQ: MYGN) shares tumbled 10.30% to $34.98 after the company issued a downbeat profit forecast.

Eleven Biotherapeutics (NASDAQ: EBIO) declined 8.44% to $11.28 after the company reported Q2 results.

Cree (NASDAQ: CREE) tumbled 8.07% to $45.23 after the company issued a disappointing forecast for its fiscal first quarter and reported weak FQ4 revenue.

AeroCentury (NYSE: ACY) shares dropped 7.76% to $14.02 on Q2 results.

JDS Uniphase (NASDAQ: JDSU) shares fell 7.39% to $11.03 after the company issued a weak first-quarter forecast. Piper Jaffray downgraded JDS Uniphase from Overweight to Neutral and lowered the price target from $14.00 to $12.00.

Macy's (NYSE: M) declined 4.43% to $57.12 after the company reported downbeat second-quarter earnings and lowered its full-year same-store sales outlook.

 

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