Benzinga's Top #PreMarket Losers

slipped 10.84 percent to $66.43 in pre-market trading after the company reported downbeat sales for the first quarter. However, the company's profit exceeded analysts' estimates.

fell 9.84 percent to $4.03 in pre-market trading after the company priced a 4.3 million offering at $4 per unit.

shares declined 4.07 percent to $5.90 in pre-market trading. Himax reported Q1 earnings of $0.076 per share on revenue of $179 million.

shares dropped 2.90 percent to $42.20 in pre-market as Cisco Systems, Inc.

CEO John Chambers dismissed the takeover rumor during the company's conference call.

shares fell 2.37 percent to $65.80 in pre-market trading. Berenberg initiated coverage on Bristol-Myers Squibb with a Hold rating and a $70.00 price target.