Benzinga's Top #PreMarket Losers
Quiksilver (NYSE: ZQK) shares slipped 7.07% to $2.63 in pre-market trading after the company reported downbeat results for thousand third quarter. The company posted an loss of $0.20 per share on revenue of $395.7 million. However, analysts were expecting earnings of $0.03 per share on revenue of $439.6 million.
The Gap (NYSE: GPS) shares dipped 6.10% to $43.75 in pre-market trading after the company posted a 2% drop in August same-store sales, versus analysts' expectations for a 1.6% gain.
Finisar (NASDAQ: FNSR) dropped 5.28% to $17.40 after the company issued a downbeat Q2 earnings forecast. Analysts at Stifel Nicolaus downgraded Finisar from Buy to Hold and removed the target price of $26.
Zumiez (NASDAQ: ZUMZ) fell 4.88% to $22.03 in pre-market trading after the company issued a weak third-quarter earnings forecast. However, the company reported better-than-expected second-quarter earnings. Analysts at Piper Jaffray downgraded Zumiez from Overweight to Neutral.
Michael Kors Holdings (NYSE: KORS) shares declined 4.65% to $76.25 in pre-market trading after the company reported that the Hong Kong private equity investor Sportswear Holdings will sell its remaining 5.7% stake in the company in an offering launched Thursday.
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