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Morning Market Losers

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Westport Innovations (NASDAQ: WPRT) shares slipped 28.17% to $7.55 after the company offered technology, investment, market and sales update. The company lowered its full-year revenue forecast.

Spherix (NASDAQ: SPEX) shares declined 27.50% to $1.13 after the company announced that Markman hearing date for VTech and Uniden litigation is now set for Nov 10, 2014.

Automatic Data Processing (NASDAQ: ADP) shares dropped 12.70% to $72.53 after the company closed the spinoff of CDK Global.

American Science & Engineering (NASDAQ: ASEI) fell 10.91% to $49.34 after the company announced its plans to lower its workforce by around 10% to reduce operating expenses. The company also expected to post a net loss for the second quarter.

Real Goods Solar (NASDAQ: RGSE) fell 10.30% to $1.54 after the company announced a strategy to exit large commercial business.

AZZ (NYSE: AZZ) shares slipped 9.22% to $37.92 after the company reported Q2 results.

China Finance Online Co (NASDAQ: JRJC) shares dipped 3.14% to $6.65 after falling 21.49% on Tuesday.

Trina Solar (NYSE: TSL) fell 2.98% to $11.71 after the company priced an offering of 10.33 million ADS convertible senior notes.

eBay (NASDAQ: EBAY) declined 2.51% to $55.21 following downgrades. Jefferies downgraded eBay from Buy to Neutral.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets

 

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