Market Overview

Morning Market Losers

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Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) shares dipped 21.54% to $10.20 after the company posted a loss for the fourth quarter. The company posted a quarterly loss of $4.63 million, or $0.20 per share, versus a year-ago profit of $3.72 million, or $0.16 per share.

Galena Biopharma Inc (NASDAQ: GALE) shares fell 19.36% to $1.40 after the company priced 24.4 million units at $1.56 per unit.

TearLab Corporation (NASDAQ: TEAR) slipped 15.95% to $2.53 after the company posted a Q4 net loss of around $6.9 million, or $0.21 per share, versus a year-ago net loss of $4.2 million, or $0.13 per share.

Aéropostale, Inc. (NYSE: ARO) shares tumbled 13.51% to $3.20. Aéropostale reported a surprise adjusted profit for the fourth quarter, but the company issued a weak forecast for the first quarter.

Towerstream Corporation (NASDAQ: TWER) slipped 12.62% to $1.87 after the company reported 2014 financial results and corporate update.

eMagin Corp. (NYSE: EMAN) shares fell 12.26% to $2.72 after the company announced financial results and corporate highlights Thursday for the fourth quarter and full year ended December 31, 2014. The company posted a quarterly net loss of $1.6 million, or $(0.07) per diluted share, above the estimated loss of $(0.03) and lower than the net loss of $8.7 million, or $(0.37) per diluted share, for the fourth quarter last year.

Ignite Restaurant Group, Inc. (NYSE: IRG) shares declined 10.70% to $6.93 after the company reported a Q4 loss of $0.25 per share on revenue of $177.3 million.

Citi Trends, Inc. (NASDAQ: CTRN) dropped 9.69% to $23.87. Citi Trends reported stronger-than-expected results for the fourth quarter. Citi Trends announced the retirement of Ed Anderson as CEO, effective March 21, 2015. The company named Jason Mazzola as new President and CEO.

Zumiez, Inc. (NASDAQ: ZUMZ) shares slipped 4.90% to $38.00. Zumiez reported better-than-expected earnings for the fourth quarter. However, the company issued a downbeat outlook for the first quarter.

Medifast Inc. (NYSE: MED) shares fell 4.68% to $29.66 on a disappointing fourth-quarter report from the weight-loss company.

West Corporation (NASDAQ: WSTC) shares fell 1.95% to $30.67 after the company priced 11,000,000 shares of common stock by certain of its existing stockholders at $30.75 per share.

 

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