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Morning Market Losers

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Lpath, Inc. (NASDAQ: LPTN) shares dropped 75.44 percent to $0.420 after the company announced its plans to cut jobs as its multicenter, Phase 2 Nexus clinical trial evaluating iSONEP™ in patients with wet age-related macular degeneration did not meet primary or key secondary endpoints.

EVINE Live Inc (NASDAQ: EVLV) shares slipped 37.48 percent to $3.52. EVINE Live reported FQ1 adjusted loss of $0.04 per share on revenue of $158.5 million.

Etsy Inc (NASDAQ: ETSY) shares dipped 23.69 percent to $16.02 after the company reported a loss in the first quarter. The Brooklyn, New York-based company posted a quarterly net loss of $36.6 million, or $0.84 per share, versus a year-ago loss of $0.5 million, or $0.01 per share.

Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) slipped 14.79 percent to $9.10 following the announcement of Hep C collaboration with Janssen Pharmaceuticals, a Johnson & Johnson (NYSE: JNJ) unit. UBS downgraded Achillion Pharmaceuticals from Buy to Neutral.

China Distance Education Hldgs Ltd (ADR) (NYSE: DL) shares fell 7.66 percent to $19.06. China Distance Education reported Q2 earnings of $0.049 per share on revenue of $22.3 million.

El Pollo LoCo Holdings Inc (NASDAQ: LOCO) shares dropped 5.69 percent to $21.98 after falling 3.96 percent on Tuesday.

Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH) shares fell 4.27 percent to $54.85 after the company announced a secondary offering of 20 million commons shares by selling shareholders.

Lowe's Companies, Inc. (NYSE: LOW) shares declined 4.16 percent to $68.84 after the company reported downbeat results for its first quarter.

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