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Morning Market Losers

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Sonus Networks, Inc. (NASDAQ: SONS) shares dipped 30.09% to $9.20 after the company lowered its outlook and announced the commencement of cost reduction review. Sonus projects Q1 adjusted loss of $0.34 to $0.29 per share on revenue of $47 million to $50 million.

Whiting Petroleum Corp. (NYSE: WLL) shares declined 20.84% to $30.39 following the announcement of 35 million share offering.

China Finance Online Co., Ltd. (NASDAQ: JRJC) shares fell 20.19% to $4.94 on Q4 results. The company's fourth quarter revenue from financial services declined 35%.

Highpower International, Inc. (NASDAQ: HPJ) shares declined 14.20% to $4.53. High Power reported Q4 earnings of $0.13 per share. The company expected FY15 sales of $160 million to $170 million, versus analysts' estimates of $180 million. It projected adjusted net income of $5 million to $6 million.

Century Aluminum Co. (NASDAQ: CENX) shares slipped 8.04% to $13.15. Morgan Stanley downgraded Century Aluminum from Equalweight to Underweight.

inContact, Inc. (NASDAQ: SAAS) shares declined 7.25% to $10.56 after the company announced a proposed offering of $100 million of Convertible Senior Notes due 2022.

Global Partners LP (NYSE: GLP) shares dropped 4.34% to $36.57 after the company announced the pricing of 1.95 million units at $36.10 per unit.

Freeport-McMoRan Inc. (NYSE: FCX) dropped 3.47% to $18.66 after the company lowered its quarterly dividend from $0.3125 per share to $0.05 per share.

Ocwen Financial Corp. (NYSE: OCN) slipped 3.30% to $8.51 after the company announced a notice of noncompliance with the NYSE continued listing standards. The company reported that it will sell added $25 billion portfolio of mortgage servicing rights to Nationstar Mortgage Holdings (NYSE: NSM).

 

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