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Morning Market Losers

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Sungy Mobile (NASDAQ: GOMO) shares dipped 20.58% to $8.26 after the company reported downbeat Q2 results and announced the resignation of its CFO Winston Li.

Williams-Sonoma (NYSE: WSM) shares fell 10.59% to $66.96 after the company issued a downbeat third-quarter earnings forecast. However, the company reported in-line earnings for the second quarter. Analysts at Morgan Stanley downgraded Williams-Sonoma from Overweight to Equalweight and lowered the target price from $82 to $74.

Guess? (NYSE: GES) shares slipped 8.62% to $23.43 after the company reported weaker-than-expected second-quarter results and issued a downbeat outlook.

Abercrombie & Fitch Co (NYSE: ANF) tumbled 7.64% to $40.64 after the company reported downbeat second-quarter sales.

Genesco (NYSE: GCO) declined 7.18% to $82.30 after the company reported downbeat Q2 earnings and lowered its FY14 earnings guidance.

Tilly's (NYSE: TLYS) shares dropped 4.69% to $8.12 after the company issued a weak earnings forecast for the third quarter.

 

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